Shares of professional networking company LinkedIn Corporation (NYSE: LNDK) edged up on Thursday after the company said that it touched 200 million members mark with users spread across 200 countries and territories and services being offered in 19 different languages.
LinkedIn, which went public on May 2011 with an IPO of $45 is nearly 77 percent up at $113.66 as of January 9 closing price. The company posted better-than-expected fiscal third-quarter results in November and upwardly revised its outlook on fiscal 2012-2013. LinkedIn said that sales in its premium subscription and hiring solutions showed robust growth during the third quarter. The company has been constantly improving features not just in its website but also mobile-based apps. The Company is scheduled to report fiscal fourth quarter results on February 4th 2013.
Shares of clothing retailer Aeropostale Inc. (NYSE: ARO) slumped after the Company slashed its outlook on fiscal fourth quarter even as profits and sales in holiday season quarter fell short of Street’s expectations. The Company now expects earnings in the range of 20 cents to 24 cents per share, which is lower than its already downbeat outlook of 36 cents to 41 cents, made in November. For nine weeks period which ended December 29, the youth-focused apparel chain reported a 6% drop in sales to $645 million since both comparable store sales and e-commerce sales contacted 8 percent from the last year. The Company is scheduled to report fiscal fourth quarter results and full-year results on March 14.
Shares of grocery store chain Supervalu Inc. (NYSE: SVU) rallied on Thursday after the company swung back into profits in the fiscal third quarter, thanks to $26 million after-tax gain linked to a cash settlement received from credit card companies. During same period of last year, the Company charged $800 million against an intangible asset impairment and non-cash goodwill write-off.
After excluding onetime gains and expenses, earnings (Non-GAAP) or adjusted earnings for fiscal third quarter stood at $5 million or $0.03 a share, while analysts’ polled by Thomson Reuters, on average, were expecting earnings of $0.05 a share. Sales during the fiscal third quarter fell 5 percent to $7.9 billion from $8.3 billion in the year earlier quarter. While same-store-sales in Retail Food unit fell 4.5 percent, same-store-sales in Save-A-Lot network plummeted by 4.1 percent.
Shares of Tiffany & Co (NYSE: TIF) slumped 3.50 percent, at last check, after the luxury Jewelry retailer said that same-store-sales in the holiday-season quarter were unchanged from the year earlier period, falling short of Company’s own expectation. The Company also said that full-year earnings will be close to lower range of its earlier earnings forecast.
In the fiscal third quarter ended October 29, the company reported 30 percent plunge in profits, citing, citing weakness in global economic environment, higher-than-expected tax rate and higher input costs (prices of precious metals and diamond climbed in that quarter).
Shares of VOXX International Corp (NASDAQ: VOXX) rallied after the company reported strong fiscal third-quarter results, following closing bell on Wednesday. The Company said that net earnings stood at $0.56 a share, up from $0.38 a share, in the year earlier quarter. Revenue increased 17% to $243 million.
Recent Comments