Benzinga's Top #PreMarket Losers

Shire PLC (ADR) SHPG shares declined 3.50 percent to $250.38 in pre-market trading after the company reported downbeat Q2 earnings. Seagate Technology PLC STX shares tumbled 2.67 percent to $47.75 in pre-market trading. Analysts at Morgan Stanley downgraded Seagate from Overweight to Underweight and lowered the target price from $49 to $34. QUALCOMM, Inc. QCOM shares dropped 2.63 percent to $62.50 in pre-market. QUALCOMM reported better-than-expected earnings for its fiscal third quarter. However, the company lowered its FY15 forecast. The company announced its plans to lower spending by around $1.4 billion and reduce its workforce by 15 percent. The company also reported that will review structural alternatives, including break-up of the company. Mylan NV MYL shares fell 2.06 percent to $66.50 in pre-market trading after rising 1.03 percent on Wednesday. 3M Co MMM fell 1.51 percent to $153.06 in pre-market trading. 3M reported better-than-expected earnings for the second quarter, but the company's revenue missed analysts' estimates.