Midday movers: Zynga, Facebook, Primero Mining

Stocks are poised to finish the week higher as the unemployment rate dropped to 7.8% for September.

By MSN Money Partner Oct 5, 2012 12:59PM
Image, Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

 Zynga (ZNGA) lowered its outlook for the second time this year, cutting its FY2012 bookings view and saying it now expects to break even or lose money in Q3. 

Zynga shares plunged over 18% after the announcement. Facebook (FB) shares fell as well, sliding over 2%, as JPMorgan lowered its 2013 Facebook payments revenue estimate after Zynga's negative pre-announcement.

Among the notable market gainers Friday were Primero Mining (PPP), up 30% after announcing a positive advance tax ruling from Mexican authorities, and VeriFone (PAY), up 7% after Citigroup said in a note to investors that it believes sentiment on VeriFone shares is overly negative. 

Among the noteworthy losers were Mercury Computer (MRCY), down over 17% following downgrades at Sterne Agee and Lazard Capital after the company lowered its Q1 earnings and revenue guidance, and Curtiss-Wright (CW), down nearly 2% after lowering its FY2012 earnings-per-share view to $2.05 to $2.15 from $2.50 to $2.60.
Tags: CWFBPAYZNGA
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