NEW YORK (
(ZNGA - Get Report) was again a big loser in premarket trading as Wall Street responded to the company's recent preliminary
third-quarter earnings and lowered outlook.
The results, released after market close on Thursday, prompted Sterne Agee to lower its estimates for the social gamer on Friday. Stifel Nicolaus also cut its Zynga estimates and Evercore Partners lowered its Zynga target to $1.70 from $2.
Zynga shares, which
lost 12% during last week's trading, were down 2.82% to $2.41 before market open.
(FB - Get Report), which is a key partner of Zynga, slipped 2.68% to $20.35.
(HPQ - Get Report)
, which outlined its massive
last week, were down 0.75% to $14.62 on Monday.
(AAPL - Get Report)
shares also dipped in premarket trading, despite
about a possible launch of a new iPad Mini. The tech giant's shares were off 0.63% at $648.46 before market open.
--Written by James Rogers in New York.
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