Shares of business social networker
(LNKD - Get Report)
jumped in the extended session after the company
trounced the consensus profit view for its latest quarter and gave a solid outlook
LinkedIn posted non-GAAP earnings of $13.3 million, or 12 cents a share, in the December-ended period on revenue of $167.7 million, more than doubling its revenue total of $81.7 million in the same period a year earlier.
The average estimate of analysts polled by
was for earnings of 7 cents a share in the company's fiscal fourth quarter on revenue of $159.7 million.
The stock was last quoted at $83.27, up 9%, on volume of 1.8 million, according to
. LinkedIn made its public market debut in May, pricing its IPO at $45 per share.
True Religion Apparel
shares was another big mover late with shares dropping sharply. The Vernon, Calif.-based clothing company reported fourth-quarter adjusted earnings of $15.7 million, or 62 cents a share, on sales of $119.4 million, below the analyst view for a profit of 71 cents a share on sales of $128 million.
The stock plunged 22.6% to $28.45 on volume of nearly 400,000, according to
, in the wake of the news.
Other companies active in late trades included
(ATVI - Get Report)
, whose stock rose 1% to $12.79 on volume of more than 740,000 after the game maker
cruised past Wall Street's expectations
in its fiscal fourth quarter, posting a profit of 62 cents a share on revenue of $2.41 billion;
(EXPE - Get Report)
, whose shares slid 3.7% to $32.90 on volume of 500,000 after the online travel company reported revenue of $787.1 million for the December quarter, below the consensus view of $812.4 million;
, whose stock lost 19% to $3.24 on volume of around 200,000 after the Milton, Ga.-based battery maker reported disappointing results for its fiscal third quarter with sales down year-over-year because of "the lack of normal seasonal weather across North America and Europe" and backed off a prior profit outlook; and
, whose shares tumbled more than 9% to $6.20 on volume of more than 100,000 after the educational toy company beat the average analysts' view for its fiscal fourth quarter but gave a 2012 outlook for earnings of 40 to 45 cents a share, slightly below the consensus view of 41 cents at the low end of the guidance.
Written by Michael Baron in New York.
>To contact the writer of this article, click here: