Benzinga's Top #PreMarket Losers

QUALCOMM Incorporated QCOM shares dropped 8.16% to $65.20 in pre-market trading after the company cut its outlook for fiscal 2015. However, the company reported upbeat results for the first quarter. Alibaba Group Holding Limited BABA shares fell 6.08% to $92.46 in pre-market trading after the company reported downbeat revenue for the third quarter. Yahoo! Inc. YHOO shares declined 5.62% to $43.85 in pre-market trading. Alibaba reported downbeat revenue for the third quarter. Vertex Pharmaceuticals IncorporatedVRTX shares dropped 5.17% to $114.99 in pre-market trading. Vertex Pharma reported Q4 adjusted loss of $0.55 per share. Facebook, Inc. FB fell 1.04% to $75.45 in pre-market trading. On Wednesday, Facebook reported stronger-than-expected results for the fourth quarter.