Benzinga's Top #PreMarket Losers

Yelp Inc YELP shares fell 16.44 percent to $42.85 in pre-market trading after the company reported downbeat revenue for the first quarter and issued a weak sales forecast for the second quarter. Analysts at Bank of America downgraded Yelp from Buy to Neutral and lowered the price target from $65.00 to $55.00. Harman International Industries Inc./DE/ HAR fell 11.55 percent to $124.00 in pre-market trading. Harman reported Q3 GAAP earnings of $0.99 per share. Inovio Pharmaceuticals Inc INO slipped 9.85 percent to $8.88 in pre-market trading after the company announced a public offering of common stock. Baidu Inc (ADR) BIDU shares dropped 3.64 percent to $211.02 in pre-market after the company Q1 adjusted earnings of $1.22 per share on sales of $2.05 billion. Celgene Corporation CELG shares declined 2.27 percent to $110.63 in pre-market trading after the company reported downbeat Q1 sales.