AVG, Sirius, EA, Activision: Tech Premarket
NEW YORK (TheStreet) -- Security specialist AVG Technologies (AVG) was a big winner in premarket trading on Thursday, rising 7% to $10.70 after its strong second-quarter results, released on Wednesday.
The Symantec (SYMC) rival, which went public earlier this year, ended the quarter with 128 million customers, a 31% hike on the prior-year's quarter.
AVG also raised its full-year revenue forecast to between $336 million and $344 million, up from its prior forecast of $327 million to $335 million. Excluding items, the company also expects full-year earnings of $1.15 to $1.20 a share, above its prior outlook of $1.08 to $1.14 a share.
Sirius XM (SIRI) shares were flat at $2.15, although the satellite radio giant was one of the most active premarket Nasdaq stocks on share volume of 1,264,574.
Electronic Arts (EA), which reported preliminary first-quarter results on Tuesday, tumbled 10% to $10.51 before market open. Rival Activision Blizzard (ATVI), which reports its second-quarter results after market close, Thursday crept up 0.25% to $11.85. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: tips@thestreet.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devicesSelect the service that is right for you!
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