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Shares of Zynga, the game maker, fell 11.9 percent, to $2.48, after it slashed its 2012 outlook for a second time.
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The statement comes only a month after Alliant, based in Madison, Wis., cut its 2002 profit outlook for a fourth time this year, saying it would look at options to strengthen its balance sheet to avoid a credit rating downgrade.
But the board's expectations index, which assesses consumers' six-month outlook, declined for a second month, to 109.4 in May from 109.6 in April.America's first quarter GDP growth was revised down to an annual rate of 5.6% from an earlier estimate of 5.8%.
With just a fortnight before the election, it is impossible for proper reform to take place, particularly as the only man with the power to hire and fire its commissioners is Mr Karzai himself.The outlook for a successful second round is so bleak that most analysts believe it will in fact not take place at all.
Eli Lilly on Monday said net income in the first quarter exceeded expectations on strong sales of newer products, but the large pharmaceuticals company issued a cautious outlook for the second quarter.
Profit declined 1.4percentt year-over-year, and the company offered a bleak outlook for the second quarter of 2011: Nokia said it expects operating margins from its handset business to slip in Q2. (Hat tip to Tim Weber).
The Philadelphia Fed's survey showed the regional employment outlook also deteriorated, for a third consecutive month.
Any hint of a slowdown analysts expect a conservative outlook for the fourth quarter will put an end to IBM's yearlong run against the tide.
Following last week's news of a worse than expected outlook for the second quarter, analysts at RBC Capital Markets have cut their price target from 730p to 560p.
The Australian airline Qantas cut its profit outlook for the second time in six weeks as a result of the impact of severe acute respiratory syndrome on travel.
All sectors reported they had a positive outlook for the seventh quarter in a row.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com