Morning Market Losers

SLM SLM shares tumbled 64.35% to $9.18 after gaining 0.10% on Wednesday. Credit Suisse initiated coverage on SLM with a Outperform rating. Emulex ELX declined 27.83% to $5.16 after the company reported Q3 results. Piper Jaffray downgraded Emulex from Overweight to Neutral and cut the price target from $10.00 to $6.00. QuickLogic QUIK shares fell 18.82% to $3.84 after the company reported a Q1 loss of $0.03 per share on revenue of $11.20 million. Stamps.com STMP declined 18.64% to $28.24 after the company reported downbeat quarterly results. American Railcar Industries ARII declined 13.94% to $59.76 after the company reported weaker-than-expected Q1 results. Education Management EDMC shares fell 13.35% to $3.44 on FQ3 results. JDS Uniphase JDSU declined 10.34% to $11.36 after the company reported downbeat Q3 results and issued a weak Q4 forecast. YRC Worldwide YRCW shares slipped 8.34% to $20.56 after the company posted Q1 results.