Morning Market Losers

Kofax KFX shares declined 13.30% to $7.01 after the company reported selected preliminary unaudited results for FY14. Kofax expected FY14 sales of $295.0 million to $298.0 million. Isle of Capri Casinos ISLE shares dipped 11.84% to $8.86 on management shake-up news. The company named Eric Hausler as CFO. MGIC Investment MTG shares dropped 11.47% to $8.18 following FHFA proposal. The company released monthly operating statistics for June. Rent-A-Center RCII shares slipped 10.98% to $25.87 after the company issued a downbeat guidance for the second quarter. The company expected adjusted earnings of $0.36 to $0.38 per share on revenue of around $773 million. PriceSmart PSMT slipped 6.81% to $80.34 after the company reported weaker-than-expected revenue for the third quarter. PriceSmart posted its quarterly earnings of $0.70 per share on revenue of $615 million. However, analysts were expecting earnings of $0.69 per share on revenue of $621.9 million. Arotech ARTX declined 5.85% to $3.54 after the company priced 2.86 million share offering at $3.50 per share. Radian Group RDN dropped 5.09% to $13.81 after the company provided a comment on the proposed GSE requirements for private mortgage insurer eligibility. Fastenal Company FAST shares fell 4.85% to $45.82 after the company reported in-line Q2 earnings. Fastenal posted a quarterly profit of $130.5 million, or $0.44 per share, up from a year-ago profit of $121 million, or $0.41 per share. Genworth Financial GNW shares fell 4.81% to $16.24 after the company offered a response to GSE-Sponsored draft Private Mortgage Insurance Eligibility Requirements.