Morning Market Losers

Ardelyx Inc ARDX shares fell 23.92 percent to $8.30 after the company reported results from its Phase 2a clinical trial evaluating tenapanor in chronic kidney disease patients. ANADIGICS, Inc. ANAD shares tumbled 22.58 percent to $1.01. Anadigics reported a Q1 adjusted loss of $0.04 per share on revenue of $18.4 million. Noodles & Co NDLS shares dipped 22.07 percent to $16.14 after the company reported weaker-than-expected Q1 results and issued a weak FY15 guidance. Zulily Inc ZU shares slipped 19.29 percent to $9.54 after the company reported downbeat Q2 revenue and issued a weak revenue outlook. The company also named Brian Swartz as chief financial officer. Datalink Corporation DTLK shares dipped 16.15 percent to $9.97 after the company reported weaker-than-expected Q1 results and issued a downbeat Q2 forecast. Kona Grill Inc KONA shares dropped 12.85 percent to $21.90 after the company reported a wider-than-expected Q1 loss. Enphase Energy Inc ENPH shares fell 11.23 percent to $10.75. Enphase reported Q1 adjusted loss of $0.07 per share on revenue of $86.7 million. Alexion Pharmaceuticals, Inc. ALXN declined 10.27 percent to $151.24. Alexion Pharmaceuticals announced its plans to acquire Synageva Biopharma Corp GEVA for $8.4 billion and raised share repurchase authorization to $1 billion. TechTarget Inc TTGT shares fell 8.12 percent to $9.51 after the company reported downbeat Q1 results and issued a weak revenue outlook. Groupon Inc GRPN shares dropped 3.87 percent to $6.57. Groupon reported better-than-expected earnings for the first quarter, but the company's sales missed analysts' estimates.