Morning Market Losers

Iconix Brand Group Inc ICON shares dipped 52.29 percent to $7.70 after the company reported that it will restate previously-filed statements for Q1, Q2 '15, FY13 and FY14. The company also reported preliminary Q3 results and updated its outlook for the full year 2015. Brean Capital downgraded Iconix Brand Group from Buy to Neutral. KaloBios Pharmaceuticals Inc KBIO shares dropped 51.40 percent to $0.938 after the company announced plans to reduce workforce by 17 employees and explore strategic alternatives. Men's Wearhouse Inc MW shares slipped 38.88 percent to $24.51 after the company lowered its earnings forecast for third quarter and year ending in January. Sierra Wireless, Inc. (USA) SWIR dropped 24.58 percent to $18.92 after the company reported weak Q3 results. Marinus Pharmaceuticals Inc MRNS shrank 23.95 percent to $5.88 after the company reported a public offering of common stock. XOMA Corp XOMA shares slipped 16 percent to $1.47 after the company reported Q3 results. Tangoe Inc TNGO shares fell 16.20 percent to $7.19 after the company reported downbeat Q3 results and issued a weak Q4 outlook. Torchlight Energy Resources Inc TRCH shares dropped 15.03 percent to $1.54 after the company agrees to sell a portion of its Hunton Assets to Husky Ventures. Glu Mobile Inc. GLUU shares declined 11.48 percent to $3.24. Glu Mobile reported Q3 adjusted earnings of $0.06 per share on revenue of $64.4 million. Tripadvisor Inc TRIP shares fell 9.73 percent to $75.02 after the company reported weaker-than-expected results for the third quarter.