Benzinga's Top #PreMarket Losers

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Visa V shares fell 4.11% to $200.80 in pre-market trading after the company reported weaker-than-expected fiscal second-quarter revenue. The company's operating revenue surged to $3.16 billion from $2.96 billion, missing analysts' estimates of $3.19 billion. Broadcom BRCM shares dropped 3.98% to $29.90 in pre-market trading on Q1 results. Broadcom reported its quarterly earnings of $0.51 per share on revenue of $1.98 billion. Amazon.com AMZN dropped 3.31% to $325.98 in pre-market trading after the company reported first-quarter results. The company's quarterly revenue climbed to $19.74 billion from $16.07 billion, beating analysts' estimates of $19.4 billion. The company posted its profit of $108 million, or $0.23 per share, versus a year-earlier profit of $82 million, or $0.18 per share. Raymond James downgraded Amazon.com from Strong Buy to Outperform and cut the price target from $443.00 to $391.00. Ford Motor Co F dipped 2.45% to $15.92 in pre-market trading after the company reported a weaker-than-expected first-quarter profit. Ford's quarterly profit slipped to $989 million, or $0.24 per share, versus a year-ago profit of $1.61 billion, or $0.40 per share.
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