Benzinga's Top #PreMarket Losers

El Pollo LoCo Holdings Inc LOCO shares declined 16.88 percent to $15.26 in pre-market trading after the company reported downbeat sales for the second quarter. However, the company's earnings exceeded analysts' estimates. Avalanche Biotechnologies Inc AAVL shares dropped 13.30 percent to $11.99 in pre-market. Avalanche Biotechnologies reported a Q2 loss of $0.38 per share on revenue of $279 thousand and issued an update on AVA-101 program. King Digital Entertainment PLC KING shares tumbled 10.86 percent to $13.55 in pre-market trading. King Digital reported better-than-expected earnings for the second quarter. However, its gross bookings declined 13 percent year-over-year to $529 million in the second quarter. For the current quarter, the company expected gross bookings of $460 million to $485 million. Aspen Technology, Inc. AZPN shares fell 4.78 percent to $40.00 in pre-market trading. Aspen Technology reported upbeat results for its fiscal fourth quarter. Applied Materials, Inc. AMAT fell 1.47 percent to $16.80 in pre-market trading. Applied Materials reported in-line earnings for its fiscal third quarter, but the company's sales missed analysts' estimates. The company also issued a weak forecast for the current quarter.