Customer Churn Takes a Toll
NuVasive announced after the bell yesterday that third-quarter revenue was about $147 million, compared with an earlier estimate of about $154 million. The company cited "unusually high account churn" following "aggressive" tactics by the competition. That's driving NUVA lower by 29 percent before the bell on my tradeMONSTER platform.
Informatica Slashes Third-Quarter Expectations
Informatica said that third quarter earnings were $0.25 to $0.27 a share, with revenue no more than $191 million. Analysts had expected $0.34 and $200.8 million, respectively. INFA plunges 18 percent in early trading.
HMS Lowers Full-Year Outlooks
HMS Holdings lowered its full-year revenue guidance to between $480 million and $490 million. The earnings forecast was also ratcheted down to $0.85 to $0.90 from $0.91 to $0.96 previously. HMSY is down by more than 5 percent in the premarket.
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