Morning Market Losers

Lpath, Inc. LPTN shares dropped 75.44 percent to $0.420 after the company announced its plans to cut jobs as its multicenter, Phase 2 Nexus clinical trial evaluating iSONEP™ in patients with wet age-related macular degeneration did not meet primary or key secondary endpoints. EVINE Live Inc EVLV shares slipped 37.48 percent to $3.52. EVINE Live reported FQ1 adjusted loss of $0.04 per share on revenue of $158.5 million. Etsy Inc ETSY shares dipped 23.69 percent to $16.02 after the company reported a loss in the first quarter. The Brooklyn, New York-based company posted a quarterly net loss of $36.6 million, or $0.84 per share, versus a year-ago loss of $0.5 million, or $0.01 per share. Achillion Pharmaceuticals, Inc. ACHN slipped 14.79 percent to $9.10 following the announcement of Hep C collaboration with Janssen Pharmaceuticals, a Johnson & Johnson JNJ unit. UBS downgraded Achillion Pharmaceuticals from Buy to Neutral. China Distance Education Hldgs Ltd (ADR) DL shares fell 7.66 percent to $19.06. China Distance Education reported Q2 earnings of $0.049 per share on revenue of $22.3 million. El Pollo LoCo Holdings Inc LOCO shares dropped 5.69 percent to $21.98 after falling 3.96 percent on Tuesday. Norwegian Cruise Line Holdings Ltd NCLH shares fell 4.27 percent to $54.85 after the company announced a secondary offering of 20 million commons shares by selling shareholders. Lowe's Companies, Inc. LOW shares declined 4.16 percent to $68.84 after the company reported downbeat results for its first quarter.