LinkedIn Corp. Earnings Blow past Wall Street Views As The Market Trades Into The U.S Debt Ceiling
NEW YORK, February 8, 2013 /PRNewswire/ --
This last quarter marked the 7th straight quarter that LinkedIn's earnings and revenue exceeded analyst forecasts. The Company, who announced results on Thursday, said that net income gained 60% to $11.5 million from $6.9 million in the year-earlier period. Revenue gained 81% to $304 million from $168 million. LinkedIn shares have now tripled since the stock's IPO price of $45 in May of 2011. Shares on Thursday hit all-time high of $135.85 in after-hours trading.
Whether bull or bear The Stock Freak has got you covered! Sign up to receive our free newsletters and stay up to date with stocks on the run. http://www.TheStockFreak.com
The ExOne Company (Nasdaq: XONE) - XONE got a great kick start trading on the Nasdaq yesterday. The Company made its debut on Thursday and closed the day up 47.33% at $26.52, well above the company's $18 IPO price. 6,574,977 shares were traded yesterday. The Company raised more than $100 million. ExOne is now the fourth publicly traded maker of 3D printers. ExOne is a global provider of 3D printing machines and printed products to industrial customers. ExOne's business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines.
Copa Holdings SA (NYSE: CPA) - CPA shares fell 12.02 (10.82%) on Thursday after the Company reported revenues and missed estimates. Revenue jumped 17.7% in the fourth quarter, to $599.8 million, and net income fell 17%, to $86.6 million, or $1.95 per share. On an adjusted basis, earnings were $2.01 per share, which was short of the $2.23 analysts expected. The stock traded 1,861,574 shares yesterday compared to an average of 352,019. Copa Holdings, S.A., through its subsidiaries, engages in the air transportation of passengers, cargo, and mail in Latin America.
Apple Inc. (Nasdaq: AAPL) - AAPL closed in the green yesterday at 468.22, up $13.52 (or 2.97%) for the day. The stock was one of the most active stocks on the Nasdaq on Thursday. Greenlight Capital Inc.'s David Einhorn has said for Apple to return more of its $137.1 billion in cash to shareholders. The Company and management have said they are in discussions. Apple is the world's most valuable technology company. Shares are still down 33 percent from its record on Sept. 19. On January 31st, Senior Vice President, CFO bought 41 shares. On February 1st, a director of the Company bought 387 shares.
Akamai Technologies, Inc. (Nasdaq: AKAM) - AKAM shares fell 15.20% yesterday to close at $35.26 after revenues and forecast missed estimates. The loss was the biggest decline the stock has seen since July 2011. Shares of AKAM are down 14% for the year so far. Fourth-quarter sales gained 17 percent to $378 million, but was short of the $381.4 million that predicted by analysts on average, according to data compiled by Bloomberg. Volume traded on Thursday was 27,202,334, significantly higher than the stock's average of 2,940,690. The Company's President of Products & Develop bought 1,932 shares on February 1st.
Cambrex Corporation. (NYSE: CBM) - CBM closed in the green up $1.45 (or 12.82%) on Thursday at $12.76. The Company gained as much as 16% after releasing its fourth-quarter earnings results. Cambrex reported a 4.8% increase in revenue to $69.9 million. Net income rose to $44.2 million from just $3 million in the year prior. Cambrex Corporation, a life sciences company, provides various products and services for the development and commercialization of new and generic therapeutics. 1,327,448 shares were traded on Thursday.
Disclosure: TheStockFreak.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.