Morning Market Losers

Datawatch Corporation DWCH shares tumbled 25.59% to $5.67. Datawatch projected Q1 sales of $6.90 million to $7.0 million and non-GAAP net loss of $4.6 million to $4.5 million. Canaccord Genuity downgraded Datawatch from Buy to Hold. Quantum Corporation QTM shares fell 10.86% to $1.56. Quantum reported preliminary Q3 EPS of $0.04 on sales of $142.0 million. Freeport-McMoRan Inc. FCX slipped 9.24% to $19.09. Copper futures dipped 5.01% to trade at $2.51. Progress Software Corporation PRGS shares declined 9% to $24.02 after the company reported financial results for its fiscal fourth quarter and issued a weak earnings guidance. Southern Copper Corp. SCCO shares fell 7.42% to $24.58. Tesla Motors, Inc.TSLA shares dipped 7.38% to $189.18 following comments from CEO Elon Musk. Musk commented to reporters ahead of the Automotive News World Congress presentation that Q4 sales in China declined significantly. Isis Pharmaceuticals, Inc. ISIS shares dropped 4.80% to $68.19 as the company reported earnings of $7 million for advancing ISIS-SMN Rx in children with spinal muscular atrophy. JPMorgan Chase & Co. JPM shares declined 3.93% to $56.53 after the company reported results for the fourth quarter. The New York-based company posted quarterly net income of $4.9 billion, down from $5.3 billion, in the year-ago period. Earnings per share slipped to $1.19 from $1.30. Red Hat, Inc. RHT shares slipped 1.94% to $66.13. Goldman Sachs downgraded Red Hat from Neutral to Sell.