Morning Market Losers

Forward Industries, Inc. FORD declined 16.46 percent to $1.42. Forward Industries reported quarterly earnings of $0.06 per share on revenue of $7.23 million. Freshpet Inc FRPT shares slipped 16.10 percent to $12.25 after the company reported a wider-than-expected Q2 loss. Cleveland BioLabs, Inc. CBLI fell 13.55 percent to $4.02. Cleveland Biolabs reported a Q2 loss of $1.12 per share on sales of $329.91 thousand. Phoenix New Media Ltd ADR FENG shares dipped 9.95 percent to $5.70. Phoenix New Media reported Q2 earnings of RMB$1.19 per share on sales of RMB$410.873 million. Aquinox Pharmaceuticals Inc AQXP shares dropped 9.80 percent to $18.95 after gaining 11.28 percent on Tuesday. INC Research Holdings Inc INCR shares slipped 8.20 percent to $44.25 after the company priced its 8 million secondary offering. Alibaba Group Holding Ltd BABA shares declined 6.90 percent to $72.00 after the company reported downbeat revenue for its fiscal first quarter. However, the company's earnings exceeded analysts' estimates. Yahoo! Inc. YHOO shares declined 6.01 percent to $33.87 after dropping 3.01 percent on Tuesday. Fossil Group Inc FOSL shares dipped 5.23 percent to $58.86 after the company reported downbeat Q2 revenue and lowered its forecast for the year. The company also issued a weak earnings outlook for the third quarter.