Morning Market Losers
Newpark Resources Inc (NYSE: NR) shares tumbled 14.40 percent to $5.29 after the company issued a business update. The company amended its repurchase program and reported a new contract award.
Supercom Ltd (NASDAQ: SPCB) shares dipped 10.29 percent to $8.11 after the company reported downbeat Q2 earnings.
Paycom Software Inc (NYSE: PAYC) shares dropped 6.06 percent to $38.14 after the company priced 4.5 million shares at $37.95 per share.
Lightinthebox Holding Co Ltd-ADR (NYSE: LITB) declined 5.36 percent to $3.00. Light in the Box reported a Q3 loss of $0.11 per share on revenue of $78.4 million.
Foundation Medicine Inc (NASDAQ: FMI) shares slipped 5.48 percent to $22.86. Wells Fargo downgraded Foundation Medicine from Outperform to Market Perform.
Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) shares fell 4.42 percent to $144.40. Cracker Barrel reported better-than-expected earnings for its fiscal fourth quarter, but the company's sales missed analysts' estimates.
Sirona Dental Systems, Inc. (NASDAQ: SIRO) shares dropped 3.42 percent to $95.92. DENTSPLY International Inc. (NASDAQ: XRAY) and Sirona Dental Systems reported that the companies will combine in an all-stock merger deal. Stifel Nicolaus downgraded Sirona Dental Systems from Buy to Hold.
DENTSPLY International Inc. (NASDAQ: XRAY) shares declined 3.40 percent to $52.50 after the company announced its plans to buy Sirona Dental Systems.
FedEx Corporation (NYSE: FDX) shares fell 2.43 percent to $150.26 after the company reported downbeat earnings for its fiscal first quarter and lowered its forecast for the full year.
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