Morning Market Losers

Joy Global Inc. JOY shares dropped 14.78 percent to $18.86 after the company reported weaker-than-expected earnings for the fiscal first quarter and lowered its forecast for the year. WPCS International Incorporated WPCS shares fell 14.01 percent to $1.35. WPCS shares surged yesterday after the company reported that it was awarded $3.0 million in new contracts during the months of July and August 2015. Calavo Growers, Inc. CVGW shares tumbled 10.16 percent to $51.85. Calavo Growers reported Q3 earnings of $0.54 per share on revenue of $232.45 million. Five Below Inc FIVE shares dipped 10.23 percent to $34.12 after the company reported downbeat revenue for the second quarter and issued a weak forecast for the current quarter. However, the company reported in-line earnings for the second quarter. Verint Systems Inc. VRNT shares fell 7.32 percent to $47.89. Verint reported Q2 adjusted earnings of $0.70 per share. FBR's Daniel H. Ives maintained an Outperform rating on Verint Systems, while lowering the price target from $68 to $63. Ciena Corporation CIEN shares declined 7.11 percent to $20.89. Ciena reported better-than-expected earnings for its fiscal third quarter, but the company's sales missed analysts' estimates. Ciena named François Locoh-Donou as its senior vice president and chief operating officer. Catalent Inc CTLT shares slipped 6.41 percent to $29.51. Catalent reported better-than-expected Q4 results on Wednesday.