Morning Market Losers

Sonus Networks, Inc. SONS shares dipped 30.09% to $9.20 after the company lowered its outlook and announced the commencement of cost reduction review. Sonus projects Q1 adjusted loss of $0.34 to $0.29 per share on revenue of $47 million to $50 million. Whiting Petroleum Corp. WLL shares declined 20.84% to $30.39 following the announcement of 35 million share offering. China Finance Online Co., Ltd. JRJC shares fell 20.19% to $4.94 on Q4 results. The company's fourth quarter revenue from financial services declined 35%. Highpower International, Inc. HPJ shares declined 14.20% to $4.53. High Power reported Q4 earnings of $0.13 per share. The company expected FY15 sales of $160 million to $170 million, versus analysts' estimates of $180 million. It projected adjusted net income of $5 million to $6 million. Century Aluminum Co. CENX shares slipped 8.04% to $13.15. Morgan Stanley downgraded Century Aluminum from Equalweight to Underweight. inContact, Inc. SAAS shares declined 7.25% to $10.56 after the company announced a proposed offering of $100 million of Convertible Senior Notes due 2022. Global Partners LP GLP shares dropped 4.34% to $36.57 after the company announced the pricing of 1.95 million units at $36.10 per unit. Freeport-McMoRan Inc. FCX dropped 3.47% to $18.66 after the company lowered its quarterly dividend from $0.3125 per share to $0.05 per share. Ocwen Financial Corp. OCN slipped 3.30% to $8.51 after the company announced a notice of noncompliance with the NYSE continued listing standards. The company reported that it will sell added $25 billion portfolio of mortgage servicing rights to Nationstar Mortgage Holdings NSM.