Morning Market Losers

Net 1 UEPS Technologies UEPS shares tumbled 20.82% to $7.53 after gaining 0.96% on Wednesday. Net 1 UEPS Technologies is expected to release its Q3 results on May 9, 2014. Moneygram International MGI shares declined 12.45% to $15.75 following announcement of new money-transfer service from Wal-Mart. Renewable Energy Group REGI shares slipped 9.58% to $11.38 on Q1 outlook. Renewable Energy now expects Q1 loss of $1.5 to $3.5 million. The Western Union Company WU shares fell 5.55% to $15.16 on announcement of Walmart money transfer service. International Business Machines IBM fell 3.86% to $188.81 after the company reported downbeat first-quarter revenue. IBM posted its adjusted earnings of $2.54 per share on revenue of $22.48 billion. However, analysts were projecting earnings of $2.54 per share on revenue of $22.93 billion. SAP AG SAP fell 2.44% to $79.63 on Q1 results. SAP's quarterly net profit surged 3% to EUR534 million, while revenue rose 3% to 3.70 billion euros ($5.11 billion). Google GOOGL shares fell 2.37% to $550.53 after the firm reported weaker-than-expected first-quarter earnings. Google posted its adjusted profit of $6.27 per share on adjusted revenue of $12.19 billion. However, analysts were estimating earnings of $6.36 per share on revenue of $12.41 billion. Mattel MAT shares slipped 1.61% to $37.27 after the company reported Q1 results. Mattel reported a Q1 loss of $0.03 per share on revenue of $946.20 million.