Benzinga's Top #PreMarket Losers

Cree CREE shares dropped 6.80% to $54.10 in pre-market trading on Q3 results. Cree reported its Q3 earnings of $0.39 per share on revenue of $405.30 million. However, analysts were expecting earnings of $0.38 per share on revenue of $407.29 million. Plug Power PLUG shares fell 6.72% to $6.25 in pre-market trading after the company announced a proposed public offering of common stock and issued revenue outlook for the three month period ended March 31, 2014. ARM Holdings plc ARMH dropped 3.89% to $48.16 in pre-market trading on Q1 results. ARM's quarterly net income surged to GBP62.3 million ($104.7 million), versus a year-ago profit of GBP51.9 million. Ericsson ERIC dipped 3.77% to $12.51 after the company reported weak Q3 results. Ericsson reported its Q1 earnings of SEK0.90 per share, versus analysts' estimates of SEK0.93 per share.