Benzinga's Top #PreMarket Losers

zulily, Inc.ZU shares dropped 24.08% to $15.10 in pre-market trading after the company reported weaker-than-expected fourth quarter results and issued a downbeat forecast. The company also announced a $250 million buyback. Various analysts downgraded zulily following results. Tesla Motors, Inc. TSLA fell 7.61% to $196.60 in pre-market trading after the company reported weaker-than-expected fourth-quarter results. Baidu, Inc. BIDU shares fell 7.07% to $199.49 in pre-market trading after the company reported downbeat Q4 earnings. NetApp, Inc. NTAP shares dropped 6.21% to $37.32 in pre-market after the company reported weaker-than-expected Q3 results and issued a downbeat Q4 outlook. The Cheesecake Factory Incorporated CAKE shares declined 5.83% to $49.95 in pre-market trading after the company reported downbeat quarterly earnings.