MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the Nasdaq (INDEXNASDAQ:.IXIC) were Informatica Corporation (NASDAQ:INFA), NuVasive
(NASDAQ:NUVA), and PowerShares QQQ Trust
(NASDAQ:QQQ) as of 8:50 a.m.
1,363,271 shares of
Informatica Corporation, which was down $6.93, or 20.61%.
According to Reuters
, Informatica warned that its third-quarter adjusted earnings would be between $0.25 and $0.27 per share on revenue of between $189 million and $191 million. This projection falls below the estimate made by analysts surveyed by Thomson Reuters, who expected earnings of $0.34 per share on $200.8 million in revenue. The data-intergration software maker cited the weakness in European markets for its lower estimates.
Investors also traded
838,082 shares of NuVasive, which was down $6.94, or 30.68%. NuVasive
also cut its outlook for the third quarter, revising its expected revenue from $154 million to $147 million. The company cited "unusually high account churn" caused by tough competition.
793,996 shares of PowerShares QQQ Trust, which was up $0.12, or 0.17%
. (Also see Pre-Market Primer: Jobless Claims Rise Less Than Anticipated
No positions in stocks mentioned.