Intel Corporation (NASDAQ:INTC) is down 0.95% to $22.97 after the Company lowered the sales guidance for third quarter. The Company expects sales to be around $13.2 billion from its previous guidance of $13.8 to $14.8 billion. The company is seeing customers lowering inventory in the supply chain versus the normal growth in third-quarter inventory, softness in the enterprise PC market segment and slowing emerging market demand. Intel will announce third quarter financial results on October 16th.
HFF Inc (NYSE:HF) surged up 5.37% to $15.50. The Company has closed the sale of Treat Towers. Treat Towers is a twin Class A+ office buildings totaling 378,749 square feet in Walnut Creek, California. HFF marketed the properties on behalf of the seller, a joint venture between Equity Office Properties and Blackstone.
Zynga Inc (NASDAQ:ZNGA) decreased 1.31% to $3.03 on a traded volume of 56k shares. Glancy Binkow & Goldberg LLP announced that the Class Period has been expanded in the securities fraud class action lawsuit pending in the United States District Court for the Northern District of California against Zynga Inc. The lawsuit was filed on behalf of a class comprising all purchasers of Zynga securities between December 15, 2011 and July 25, 2012.
The Company announced the worldwide availability of mobile social role playing games Montopia and Ayakashi.
Electronic Arts Inc (NASDAQ:EA) is up marginally 0.15% to $14.01. Electronic Arts and Sony Pictures Entertainment announced cross-promotional partnership in North America that will result in a $1 million minimum donation to charities benefiting the nation’s veterans.
Groupon Inc (NASDAQ:GRPN) slipped 0.64% to $4.64. The stock moved up after the Chief Financial Officer Jason Child told an investor conference that the Company is taking steps that will boost its growth in Europe. The technology that helps the Company send more relevant daily deals to U.S. subscribers will be introduced in Europe. This is one of the primary drivers the Company expects to see in the back half of this year.