Options Trading 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.

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As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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