This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Informatica, HP, Sirius: Tech Premarket

NEW YORK ( TheStreet) -- Informatica (INFA - Get Report) was a major loser in premarket trading on Thursday after reporting weaker-than-expected preliminary third-quarter results.

Shares of Informatica tumbled 19.66% to $27.02 after the company projected revenue between $189 million and $191 million. Excluding items, the data integration specialist expects earnings between 25 cents and 27 cents a share. Analysts surveyed by Thomson Reuters are looking for revenue of $200.77 million and earnings of 34 cents a share.

"While overall customer demand for our products increased from the second quarter to the third quarter of 2012, most of our revenue shortfall in the third quarter was in Europe, where we fell well short of our own expectations," noted Sohaib Abbasi, Informatica CEO, in a statement released before market open.

Informatica was also one of the most active premarket Nasdaq stocks on share volume of 931,144.

HP (HPQ - Get Report) shares slipped 0.34% to $14.86 before market open on Thursday, as investors digested the company's weak 2013 outlook.

The No. 1 PC maker endured a massive selloff on Wednesday after it projected fiscal 2013 earnings of $3.40 to $3.60 a share, well below Wall Street's estimate of $4.18 a share. HP CEO Meg Whitman also underlined the long-term nature of the company's turnaround, warning that 2013 is a "fix and rebuild year."

HP said it's on track to complete its restructuring by the end of fiscal 2014. By 2016, Whitman expects to see the company's revenue growing in line with GDP and operating profit growing faster than revenue.

Shares of the Palo Alto, Calif.-based firm plummeted 12.96% during Wednesday's trading on unusually high volume.

Sirius XM (SIRI - Get Report) shares rose 0.73% to $2.75 before market open on share volume of 495,220.

Facebook (FB - Get Report) was another active premarket stock, rising 1.74% to $22.21 on share volume of 406,210.

--Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
FB $83.30 0.35%
INFA $43.96 0.16%
HPQ $31.49 -1.62%
SIRI $3.85 -0.26%
AAPL $123.25 -0.80%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs