Market News

October 5, 2012  Fri 7:30 AM CT

Already Down, Zynga Lowers Bookings Guidance

Zynga cut its outlook, and now expects to report a loss for the third quarter. Full-year guidance was even worse, with bookings seen at no more than $1.1 billion compared with earlier guidance of $1.15 billion to $1.225 billion. ZNGA, already down 70 percent his year, falls another 21 percent before the bell on my tradeMONSTER platform.

Datalink Says Cites Nervous Customers

Datalink said it expects to report third-quarter profit of $0.14 to $0.15 a share, far below the $0.23 consensus estimate. Revenue of $105-106 million is also far below the $120 million expected by analysts. DTLK drops 16 percent in early trading.

Strike Hurts Outlook at Curtiss-Wright

Curtiss-Wright said that it will only earn $2.10 to $2.15 a share this year after a strike shuttered a plant in Pennsylvania. It had previously expected earnings of $2.50 to $2.60. CW declines 4 percent in the premarket.

News Archives
OptionsHouse

Education & Strategy

Election Sector Rotation

Sector rotation is the process where mutual funds, portfolio managers, and investors in general, shift their investments from one sector of the economy to another.

More education articles »