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TheStreet Open House

Nuance, LinkedIn: After-Hours Trading (Update 1)

LinkedIn

Shares of business social networker LinkedIn (LNKD) 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 Thomson Reuters 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 Nasdaq.com. LinkedIn made its public market debut in May, pricing its IPO at $45 per share.

True Religion Apparel (TRLG) 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 Nasdaq.com, in the wake of the news.

Other companies active in late trades included Activision Blizzard (ATVI), 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; Expedia (EXPE), 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; Exide Technologies (XIDE), 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 Leapfrog Enterprises (LF), 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: Michael Baron.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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