Market Overview

Morning Market Losers

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Quiksilver, Inc. (NYSE: ZQK) shares slipped 26.61 percent to $0.910 following Q2 miss and news that management is 'rescinding previously stated financial guidance' for FY15.

Christopher & Banks Corporation (NYSE: CBK) shares declined 18.95 percent to $4.32. Christopher & Banks reported a narrower-than-expected loss for the first quarter, but the company's sales missed analysts' estimates. The company also issued a weak revenue forecast.

AudioCodes Ltd. (NASDAQ: AUDC) fell 12.23 percent to $3.59 after the company reported preliminary revenue. AudioCodes expected Q2 sales to drop 15 percent to 5 percent versus the first quarter.

Hovnanian Enterprises, Inc. (NYSE: HOV) shares dropped 9.78 percent to $2.86 after the company reported weaker-than-expected results for its fiscal second quarter.

Burlington Stores Inc (NYSE: BURL) shares tumbled 9.06 percent to $49.00. Burlington reported in-line earnings for the first quarter, but the company's sales missed analysts' expectations. The company also announced a $200 million stock buyback program.

FuelCell Energy Inc (NASDAQ: FCEL) shares dropped 8.26 percent to $1.11. FuelCell reported a Q2 loss of $0.04 per share on revenue of $28.6 million.

Neurocrine Biosciences, Inc. (NASDAQ: NBIX) shares declined 6.21 percent to $42.47 after the company said it suspended two planned clinical studies of a treatment for congenital adrenal hyperplasia.

Nord Anglia Education Inc (NYSE: NORD) shares fell 5.19 percent to $24.48 after the company announced a public offering of 6.7 million ordinary shares.

United Natural Foods, Inc. (NASDAQ: UNFI) shares slipped 3.95 percent to $61.15 after the company reported weaker-than-expected earnings for its fiscal third quarter and issued a weak forecast for the full year.

 

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