Morning Market Losers

Pacira Pharmaceuticals Inc PCRX shares fell 18.45 percent to $66.97 after the company reported downbeat Q1 revenue. Yelp Inc YELP shares dipped 18.56 percent to $41.76 after the company reported downbeat revenue for the first quarter and issued a weak sales forecast for the second quarter. Analysts at Bank of America downgraded Yelp from Buy to Neutral and lowered the price target from $65.00 to $55.00. Inovio Pharmaceuticals Inc INO dropped 15.58 percent to $8.31 after the company announced a public offering of common stock. Harman International Industries Inc./DE/ HAR shares declined 14.56 percent to $119.79. Harman reported Q3 GAAP earnings of $0.99 per share. QuickLogic Corporation QUIK fell 12.94 percent to $1.75. QuickLogic reported a Q1 loss of $3.6 million. Harvard Bioscience, Inc. HBIO slipped 12.03 percent to $5.19. Harvard Bioscience reported Q1 earnings of $0.02 per share on revenue of $25.8 million. The company named James Green to the board and announced the retirement of Robert Dishman from the board. Baidu Inc (ADR) BIDU shares declined 5.33 percent to $207.33 after the company Q1 adjusted earnings of $1.22 per share on sales of $2.05 billion. Celgene Corporation CELG shares fell 3.57 percent to $109.16 after the company reported downbeat Q1 sales.