Morning Market Losers

Datawatch Corporation
(NASDAQ:
DWCH
) shares tumbled 25.59% to $5.67. Datawatch projected Q1 sales of $6.90 million to $7.0 million and non-GAAP net loss of $4.6 million to $4.5 million. Canaccord Genuity downgraded Datawatch from Buy to Hold.
Quantum Corporation
(NYSE:
QTM
) shares fell 10.86% to $1.56. Quantum reported preliminary Q3 EPS of $0.04 on sales of $142.0 million.
Freeport-McMoRan Inc.
(NYSE:
FCX
) slipped 9.24% to $19.09. Copper futures dipped 5.01% to trade at $2.51.
Progress Software Corporation
(NASDAQ:
PRGS
) shares declined 9% to $24.02 after the company reported financial results for its fiscal fourth quarter and issued a weak earnings guidance.
Southern Copper Corp.
(NYSE:
SCCO
) shares fell 7.42% to $24.58.
Tesla Motors, Inc.
(NASDAQ:
TSLA
) shares dipped 7.38% to $189.18 following comments from CEO Elon Musk. Musk commented to reporters ahead of the Automotive News World Congress presentation that Q4 sales in China declined significantly.
Isis Pharmaceuticals, Inc.
(NASDAQ:
ISIS
) shares dropped 4.80% to $68.19 as the company reported earnings of $7 million for advancing ISIS-SMN Rx in children with spinal muscular atrophy.
JPMorgan Chase & Co.
(NYSE:
JPM
) shares declined 3.93% to $56.53 after the company reported results for the fourth quarter. The New York-based company posted quarterly net income of $4.9 billion, down from $5.3 billion, in the year-ago period. Earnings per share slipped to $1.19 from $1.30.
Red Hat, Inc.
(NYSE:
RHT
) shares slipped 1.94% to $66.13. Goldman Sachs downgraded Red Hat from Neutral to Sell.
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