Millennial Media (MM -5.6%) dives after: 1) Pre-announcing Q3 revenue will be in a range of $46.5M-$47M (above a $44.6M consensus), and net loss will amount to $1.9M-$2.5M. 2) Announcing a 10M-share stock offering. 1M shares will be new, and 9M will be sold by insiders. Millennial's lockup expiration recently ended.