Morning Market Losers

xG Technology XGTI fell 13.13% to $1.89 after the company priced $10 million public offering at $1.90 per share. ChinaNet Online Holdings CNET shares slipped 9.92% to $1.20 after the company postponed its FY13 earnings call. ASML Holding NV ASML shares dropped 5.47% to $80.48 after the company reported a rise in its first-quarter net profit and lowered its first-half forecast. Span-America Medical Systems SPAN fell 4.73% to $22.57. Span-America Medical Systems is expected to release its Q2 results on May 1, 2014. Credit Suisse Group AG CS fell 2.96% to $30.82 after the company reported a drop in first-quarter profit. Credit Suisse's quarterly profit slipped to 859 milion Swiss francs ($975.47 million), from a year-earlier profit of 1.3 billion francs. Bank of America BAC shares fell 2.53% to $15.98 after the firm reported a net loss in the first quarter. Bank of America posted a quarterly net loss of $276 million, or $0.05 per share, versus a year-ago profit of $1.5 billion, or $0.10 per share. St. Jude Medical STJ shares declined 2.37% to $61.72 after the company reported a 12% gain in its first-quarter earnings. For the year, St. Jude lifted its adjusted earnings forecast to $3.95 to $4 per share on revenue of $5.61 billion to $5.76 billion. Carrols Restaurant Group TAST shares slipped 1.99% to $6.90 after the company filed prospectus for $60 million.