Morning Market Losers

Medidata Solutions MDSO shares slipped 17.91% to $43.25 after the company reported downbeat quarterly results. Arotech ARTX shares declined 10.98% to $3.97 after falling 1.55% on Monday. Bebe Stores BEBE shares declined 10.40% to $5.77 after the company reported a 5.7% drop in its Q3 same-store sales and issued a downbeat Q3 outlook. Lexmark International LXK shares dipped 9.86% to $42.16 after the company reported Q1 adjusted earnings of $0.92 per share on revenue of $877.70 million. Rambus RMBS declined 6.50% to $11.50 after the company reported Q1 earnings of $0.17 per share on revenue of $78.30 million. Rambus also expected Q2 sales of $69.0 million to $74.0 million, versus analysts' estimates of $74.50 million. Koninklijke Philips NV PHG fell 5.98% to $32.52 after the company reported a drop in its Q1 profit. Xerox XRX dropped 2.96% to $11.13 after the company reported its Q1 earnings of $0.27 per share on revenue of $5.12 billion and lowered its FY14 earnings outlook.