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Cybersecurity firm FireEye lost 19 percent to
$27.80 a day after giving a revenue outlook that was largely
below expectations. The stock was the Nasdaq's most active
premarket name, with more than 153,000 shares traded.
The premarket move in the stock, which has dropped more than 21
percent in 2014, implied the biggest one-day decline for FireEye
since May 7.
TripAdvisor Inc, which shed 13 percent to $72.55 before
the bell, was set for its biggest one-day drop since July 2012
and to turn negative for the year. Late Tuesday, the stock
reported weaker-than-expected earnings as marketing costs rose.
The travel review website has struggled for direction in 2014.
Based on Tuesday's close, the stock is up only 1.2 percent on
the year, after nearly doubling over 2013. It is on track for a
third straight daily decline, a period over which it has lost
5.5 percent.
On the upside, Time Warner Inc rose 2.6 percent to $76.90 in
premarket trading after it posted revenue growth of 3 percent.
In the broader market, U.S. stock index futures rose after the
Republican Party took control of the Senate in the midterm
elections, as had been expected, while investors looked ahead to
data expected to show improvement in the labor market.
(Editing by Bernadette Baum)
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