Benzinga's Top #PreMarket Losers

PetSmart PETM dipped 7.54% to $57.50 in pre-market trading after the company reported Q1 earnings of $1.04 per share on revenue of $1.73 billion and lowered its FY14 earnings forecast. American Realty Capital Properties ARCP dropped 2.25% to $12.62 in pre-market trading after tehc ompany files to sell $100M in common stock and announced its plans to ell shopping center portfolio to Blackstone BX for $1.975 billion in cash. Kamada KMDA shares dropped 1.56% to $8.19 in pre-market trading after falling 3.37% on Tuesday. Hormel Foods HRL shares fell 1.40% to $47.85 after the company reported weaker-than-expected fiscal second-quarter earnings.