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Friday 6 July 2012

Informatica stock dives 30% on downgrades

Informatica stock dives 30% on downgrades: Shares of Informatica Corp. lost nearly a third of their value in early trading on Friday after it lowered its outlook and several analysts downgraded the data integration company.

The Redwood City company (NASDAQ:INFA) said Thursday after the closing bell that it now expects adjusted per-share earnings to be between 27 cents and 28 cents. It projected revenue will be between $188 million and $190 million.

That compares to the companys projections in for earnings to be between 35 cents and 37 cents…



Source:Google Reader

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