Morning Market Losers (TBL, IFMI, SMSI, MMUS)

Timberland Company (The) TBL shares dropped 25.67% to $30.90 at 9:55 am. TBL reported weaker-than-expected Q1 results. Institutional Financial Markets Inc IFMI shares moved down 25.10% to $3.2130. IFMI reported its Q1 revenue at $32.3 million, down from $41.7 million, in the year-ago period. Smith Micro Software Inc SMSI dipped 21.76% to $5.68. SMSI reported higher-than-expected Q1 loss. MakeMusic Inc MMUS fell 11.71% to $4.86. MMUS posted a Q1 net loss at $180,000, versus a net loss of $117,000, in the year-ago quarter. Read more from Benzinga's Markets.