Morning Market Losers

Fossil Group, Inc. FOSL shares dropped 15.33% to $84.09 after the company reported weaker-than-expected earnings for the fourth quarter. Varonis Systems, Inc. VRNS shares fell 13.43% to $32.42 after the company reported Q4 earnings of $0.06 per share on sales of $33.7 million and issued a downbeat outlook for the first quarter and FY 2015. MedAssets, Inc.MDAS shares tumbled 11.70% to $17.51 after the company reported Q4 adjusted earnings of $0.39 per share on revenue of $198.2 million and issued a weak FY earnings outlook. The Dixie Group, Inc. DXYN shares dropped 10.44% to $8.41 after the company reported Q4 loss of $0.35 per share on revenue of $104.6 million. Garmin Ltd. GRMN shares slipped 7.97% to $52.28 after the company reported weaker-than-expected earnings for the fourth quarter and issued a downbeat 2015 forecast. Dorman Products, Inc. DORM fell 7.43% to $43.97 after the company reported sales and earnings for the fourth quarter and year ended December 27, 2014. Perry Ellis International Inc. PERY shares declined 6.77% to $22.31 after the company issued a weak guidance for the fourth quarter. La-Z-Boy Incorporated LZB fell 2.69% to $26.81 on weaker-than-expected Q3 results. Transocean Ltd. RIG shares declined 2.51% to $17.84. BMO Capital initiated coverage on Transocean with a Underperform rating and a $16.00 price target. Hilton Worldwide Holdings Inc.HLT shares fell 1.36% to $28.26 after the company reported weaker-than-expected earnings for the fourth quarter.