18 Biggest Mid-Day Losers For Friday

• Nordic American Offshore Ltd. (NYSE: NAO) shares declined 41.5 percent to $1.20. Nordic American Offshore priced its upsized offering of 40 million shares at $1.25 per share.
• FunctionX Inc (NASDAQ: FNCX) shares dropped 24.2 percent to $0.978. FunctionX priced its 4.5 million share offering at $1.05 per share.
• BP Prudhoe Bay Royalty Trust (NYSE: BPT) shares declined 20.4 percent to $19.55.
• Gulf Island Fabrication, Inc. (NASDAQ: GIFI) shares fell 15 percent to $11.10. Gulf Island Fabrication reported a Q4 loss of $0.24 per share on revenue of $55.45 million.
• Zoe's Kitchen Inc (NYSE: ZOES) dropped 13.8 percent to $19.35 after the company posted a wider-than-expected quarterly loss.
• Career Education Corp. (NASDAQ: CECO) shares declined 13 percent to $8.12. Career Education reported a Q4 loss of $32.9 million.
• Acacia Communications, Inc. (NASDAQ: ACIA) shares dropped 12.8 percent to $55.30 after the company issued a weak forecast for the current quarter.
• Hi-Crush Partners LP (NYSE: HCLP) dropped 12.2 percent to $18.05. Hi-Crush Partners reported a primary offering of common units.
• Benefitfocus Inc (NASDAQ: BNFT) fell 10 percent to $25.50. Benefitfocus reported Q4 adjusted loss of $0.09 per share on revenue of $62.6 million.
• Eyegate Pharmaceuticals Inc (NASDAQ: EYEG) declined 9.7 percent to $2.54 after the company reported full-year 2016 financial results and issued a business update.
• J C Penney Company Inc (NYSE: JCP) shares fell 9.5 percent to $6.21 after the company reported better-than-expected earnings for its fourth quarter and announced plans to close around 130-140 stores.
• Hewlett Packard Enterprise Co (NYSE: HPE) shares fell 9 percent to $22.43 after the company reported downbeat revenue for its first quarter and cut its full-year profit outlook. BMO Capital downgraded Hewlett Packard Enterprise from Outperform to Market Perform.
• Nova Lifestyle Inc (NASDAQ: NVFY) shares declined 8.8 percent to $2.29 after surging 38.67 percent on Thursday.
• KBR, Inc. (NYSE: KBR) shares fell 7.8 percent to $14.88 after reporting results for the fourth quarter.
• DryShips Inc. (NASDAQ: DRYS) shares fell 6.6 percent to $2.19 after declining 12.96 percent on Thursday.
• Watsco Inc (NYSE: WSO) fell 4.8 percent to $144.86. United Technologies reported a secondary offering of 4.236 million shares of Watsco common stock.
• Splunk Inc (NASDAQ: SPLK) fell 4.6 percent to $61.91. Splunk reported upbeat results for its fourth quarter, but issued a weak sales forecast for the current quarter.
• Kforce Inc. (NASDAQ: KFRC) dropped 3.1 percent to $24.73. Credit Suisse downgraded Kforce from Outperform to Neutral.

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