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Trading Halted in Parametric Technology After It Warns
Trading was halted in shares of engineering software maker Parametric Technology(PMTC Quote) on Wednesday after the company lowered earnings and revenue numbers for its current second quarter.
Preopen trading was halted for 40 minutes after the announcement. The stock was the seventh-highest loser in trading Wednesday, according to Instinet.
Shares of Parametric fell $1.19, or 16.2%, to $6.17 in trading before the halt, and closed at $6.09. ...
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