The top pre-market NASDAQ stock market losers are: Mecox Lane, Seagate Technology, ASML Holding, Aixtron, Qiagen, Altera, Vodafone Group, Avanir Pharmaceuticals, and Dell.
Mecox Lane Ltd. (MCOX) lost 13.83 percent to $11.53 in the pre-market session. The company's third quarter adjusted profit was $1.6 million, up from $1.01 million last year. Revenue rose 36 percent to $55.3 million.
Mecox Lane expects fourth quarter revenue from online platform segment of $43.7 million to $46.2 million, revenue from directly operated stores segment of $7.8 million to $8.2 million and revenue from franchised stores segment of $5.7 million to $6.0 million.
Seagate Technology PLC (STX) plunged 4.69 percent to $13.21 in the pre-market trading. The company said it ended talks with private equity firms regarding a going private deal, as the valuation being offered was not in the best interest of the company and its shareholders.
Seagate also said its board has authorized repurchase of up to an additional $2 billion of its outstanding ordinary shares to boost shareholder value. The company expects second quarter revenue of about $2.7 billion and gross margin of at least 19.5 percent. Analysts expect revenue of $2.70 billion.
ASML Holding NV (ASML) plummeted 3.25 percent to $32.12 in the pre-market session.
Aixtron AG (AIXG) declined 3.09 percent to $30.70 in the pre-market trading.
Qiagen NV (QGEN) fell 2.89 percent to $18.17 in the pre-market trading.
Altera Corp. (ALTR) dropped 2.42 percent to $34.61 in the pre-market session. The company said it still expects fourth quarter revenue to grow 3 percent to 6 percent sequentially. For fiscal 2011, the company expects research and development expenses of about $330 million.
Vodafone Group plc (VOD) tumbled 2.05 percent to $24.82 in the pre-market session.
Avanir Pharmaceuticals (AVNR) decreased 1.86 percent to $4.23 in the pre-market trading. The company's fourth quarter loss widened to $9.7 million or 10 cents a share from $7.0 million or 9 cents a share last year. Revenue declined to $726,000 from $1 million. Analysts had expected a loss of 9 cents a share on revenue of $910,000.
Dell Inc. (DELL) moved down 1.84 percent to $13.32 in the pre-market trading.