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Morning Market Losers

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Violin Memory Inc (NYSE: VMEM) shares dipped 20.61 percent to $1.04 after the company reported weaker-than-expected Q3 results. The company also announced the exploration of strategic alternatives.

Abengoa SA (ADR) (NASDAQ: ABGB) shares dropped 14.59 percent to $2.40 after rising 6.44 percent on Wednesday.

Verint Systems Inc. (NASDAQ: VRNT) shares declined 13.37 percent to $40.25 after the company reported downbeat Q3 results and lowered its FY16 forecast.

Titan Machinery Inc. (NASDAQ: TITN) shares fell 12.04 percent to $10.96. Titan Machinery reported Q3 earnings of $0.20 per share on revenue of $345 million.

MTS Systems Corporation (NASDAQ: MTSC) shares dropped 8.82 percent to $56.83 after the company reported downbeat Q4 results.

PVH Corp (NYSE: PVH) shares declined 5.74 percent to $88.02. PVH reported better-than-expected earnings for the third quarter and issued a weak forecast for the fourth quarter.

Zafgen Inc (NASDAQ: ZFGN) shares fell 4.64 percent to $5.99 after dipping 60.58 percent on Wednesday. SunTrust Robinson Humphrey downgraded Zafgen from Buy to Neutral and lowered the price target from $25.00 to $7.00.

 

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