Benzinga's Top #PreMarket Losers

Progress Software Corporation PRGS shares tumbled 14.94 percent to $21.80 in pre-market trading. Progress Software reported stronger-than-expected earnings for its fiscal third quarter. However, the company reported downbeat quarterly revenue and lowered its revenue forecast for the full year. The company also announced a new $100 million buyback program. Realty Income Corp O shares declined 2.11 percent to $46.35 in pre-market trading after the company prices 10 million share offering at $46.88 per share. American International Group Inc AIG fell 0.72 percent to $56.51 in pre-market trading after rising 0.19 percent on Thursday. Gilead Sciences, Inc. GILD shares fell 0.64 percent to $97.64 in pre-market trading. Morgan Stanley downgraded Gilead Sciences from Overweight to Equal-weight. Paypal Holdings Inc PYPL shares dipped 0.25 percent to $31.40 in pre-market trading after surging 1.42 percent on Thursday.