Zynga Stock Plummets After Cutting Outlook, Mark Pincus Hints At Deeper Cuts
After a short-lived recovery, Zynga (Nasdaq: ZNGA) shares fell below $3 again following a preliminary third quarter earnings report that warned of future cuts and continued losses for the struggling social game developer. Reuters

Potash Corp, National Bank of Greece, MetroPCS Communications, Nokia Corp, Carnival Corp, Zynga Inc, Groupon Inc, Facebook Inc and Dow Chemical Co. are among the companies whose shares are moving in pre-market trading Friday.

Potash Corp. (POT) stock rallied 12.95 percent to $47.27 in pre-market trading. The company announced Thursday that it would release its 2012 third quarter earnings Thursday, October 25 at 6 am ET.

National Bank of Greece (NBG) stock climbed 11.60 percent to $2.79 in pre-market trading. The stock has a 52-week low of $1.12, a 52-week high of $4.10 and $2.39 billion in market capitalization.

MetroPCS Communications Inc. (PCS) stock gained 1.65 percent to $12.90 in pre-market trading. Sprint Nextel Corp. is deciding whether to go public with a bid for MetroPCS, or to wait to bid for the combined company, in which Deutsche Telekom will own a 76 percent stake, Reuters has reported citing people familiar with the situation.

Nokia Corp. (NOK) stock gained 1.52 percent to $2.68 in pre-market trading. The stock has a 52-week low of $1.63, a 52-week high of $7.38 and $9.89 billion in market capitalization.

Carnival Corp. (CCL) stock gained 1.52 percent to $37.43 in pre-market trading. The Street Ratings reiterated a “buy” rating on shares of CCL Thursday with a ratings score of B-.

Zynga Inc. (ZNGA) stock tumbled 19.36 percent to $2.27 in pre-market trading as the provider of social game services projected disappointing third-quarter results and cut its outlook for fiscal year 2012. The company announced Thursday that it expected to report the third quarter net loss of $0.12 to $01.4 per share. The company also expects the fiscal 2012 adjusted EBITDA projected to be in the range of $147 to $162 million, down from prior estimation of $180 to $250 million.

Groupon Inc. (GRPN) stock plunged 4.58 percent to $4.58 in pre-market trading. The stock has a 52-week low of $4.00, a 52-week high of $31.14 and $3.14 billion in market capitalization.

Facebook Inc. (FB) stock declined 2.04 percent to $21.50 in pre-market trading. The stock has a 52-week low of $17.55, a 52-week high of $45.00 and $47.02 billion in market capitalization.

Dow Chemical Co. (DOW) stock fell 1.30 percent to $28.80 in pre-market trading. The stock has a 52-week low of $22.73, a 52-week high of $36.08 and $34.96 billion in market capitalization.