VMware, EMC, Yahoo!, Facebook: Tech Premarket
For the first quarter, VMware said it expects sales between $1.17 billion and $1.19 billion, below analysts' forecast of $1.25 billion. VMware also is looking for fiscal 2013 revenue of $5.23 billion to $5.35 billion, well below Wall Street's prediction of $5.42 billion.
Investors were less than impressed with the results, pushing VMware's shares down 18.67% to $79.96.
VMware's parent company EMC(EMC) was also off in premarket trading after reporting its own fourth-quarter results. The storage giant edged past Wall Street's estimates, although its shares tumbled on weaker-than-expected guidance.
EMC shares slipped 5.56% to $23.8 before market open.
Yahoo!(YHOO) , however, was a big gainer, rising 3.05% to $20.93 following the company's better-than-expected fourth-quarter results on Monday. The Sunnyvale, Calif.-based firm was also one of the most active premarket Nasdaq stocks on share volume of 767,745.
Facebook(FB) , which reports its fourth-quarter results on Wednesday, dipped 0.49% to $32.31 on share volume of 739,092.
Shares of Amazon(AMZN) , on deck to report its fourth-quarter results after market close, crept up 0.53% to $277.50 in premarket trading.
--Written by James Rogers in New York.
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