20 Biggest Mid-Day Losers For Tuesday

Essendant Inc ESND shares tumbled 27.7 percent to $15.98. Essendant reported a Q4 loss of $2.4 million on revenue of $1.25 billion.
Fiesta Restaurant Group Inc FRGI shares dipped 22.4 percent to $20.15. Fiesta Restaurant posted in-line Q4 earnings, but sales missed estimates. The company also disclosed that it has suspended its sale exploration process. Raymond James downgraded Fiesta Restaurant from Outperform to Market Perform.
INC Research Holdings Inc INCR dropped 21.3 percent to $44.50. INC Research posted in-line quarterly earnings, but sales missed estimates. The company also issued a weak FY17 forecast.
Cempra Inc CEMP shares tumbled 20.2 percent to $3.35 after reporting a wider-than-expected quarterly loss.
Medpace Holdings Inc MEDP fell 17.3 percent to $30.08. Medpace reported a Q4 loss of $21,000 on revenue of $108.2 million. Medpace projects full-year earnings of $1.58 to $1.68 per share.
Ophthotech Corp OPHT shares dropped 17.1 percent to $3.79 after the company reported a wider-than-expected quarterly loss.
Kona Grill Inc KONA shares declined 16.5 percent to $6.35 after the company posted a wider-than-expected quarterly loss.
HTG Molecular Diagnostics Inc HTGM shares fell 16.3 percent to $2.66 after surging 154.40 percent on Monday.
Seadrill Ltd SDRL declined 15.8 percent to $1.72 after the company reported Q4 results. Seadrill also warned about filing Chapter 11 bankruptcy protection.
Libbey Inc. LBY dropped 14.1 percent to $14.47. Libbey reported a Q4 loss of $2.2 million.
Tenet Healthcare Corp THC shares fell 14.1 percent to $19.47 after the company posted downbeat results for its fourth quarter and issued a weak forecast.
Target Corporation TGT shares dropped 12.9 percent to $58.29 after the company reported downbeat earnings for its fourth quarter and issued a weak outlook for the current quarter.
Perrigo Company plc PRGO shares fell 12.1 percent to $74.42. Perrigo agreed to divest Tysabri royalty stream for up to $2.85 billion and announced resignation of its CFO Judy Brown. Perrigo reported preliminary 2016 results and announced plans to reduce global workforce by 750 employees.
Frontier Communications Corp FTR shares declined 9.9 percent to $2.96 as the company posted a wider-than-expected loss for its fourth quarter on Monday.
Valeant Pharmaceuticals Intl Inc VRX dropped 9.8 percent to $15.07. Valeant posted upbeat quarterly earnings.
Workday Inc WDAY fell 7.4 percent to $83.56. Workday reported Q4 earnings of $0.07 per share on revenue of $436.7 million. Citigroup downgraded Workday from Neutral to Sell.
Novavax, Inc. NVAX fell 7.1 percent to $1.51. Novovax reported a Q4 loss of $0.21 per share on revenue of $5.4 million.
Exelixis, Inc. EXEL fell 6 percent to $21.72. Exelixis reported Q4 earnings of $0.12 per share on revenue of $77.58 million. Stifel Nicolaus downgraded Exelixis from Buy to Hold.
Triangle Capital Corporation TCAP fell 3.1 percent to $19.37. Triangle Capital reported commencement of public offering of 7 million shares of common stock.
Realty Income Corp O fell 2.4 percent to $61.61. Realty Income reported commencement of public offering of 8 million shares of common stock.

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