Sprint (S) shares fell 3.65% to $5.01 as headlines cropped up that the company might make a bid for MetroPCS (PCS). Bloomberg reported Sprint is in the "early stages" of evaluating whether it should make a run at Dallas-based MetroPCS. Yesterday, MetroPCS and T-Mobile USA disclosed details of their merger, which would see the company use T-Mobile's branding and have 42.5 million subscribers.
Informatica (INFA) plunged 23.97% to $25.57 after the company announced it would miss earnings and revenue expectations for the coming quarter. The Redwood City, Calif.-based data software company forecast earnings of 25 to 27 cents a share for its fiscal third quarter ended in September on revenue of between $189 million and $191 million. Analysts surveyed by Thomson Reuters were looking for revenue of $200.77 million and earnings of 34 cents a share. In the press release, Sohaib Abbasi, Informatica's CEO, blamed the majority of the shortfall on weakness in Europe. Interested in more on Informatica? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull