This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Stocks to Watch: General Motors, Linkedin (Update 2)

Stocks in this article: GMCOSTKFTGMCRKNSYVIALNKD

Updated to include information about LinkedIn, General Motors' earnings and updated prices.

NEW YORK --

Automaker General Motors (GM) reported first-quarter earnings Thursday of $1 billion, or 60 cents a share, down from year-earlier earnings of $3.2 billion, or $1.77 a share.

Excluding items, General Motors' earnings per share for the first quarter were 93 cents. Analysts were expecting 85 cents a share.

Shares of General Motors rose 1.09% in premarket trading Thursday to $23.18.

GM's First Quarter Will Benefit From More Trucks: Analyst


Media giant Viacom (VIA) reported second-quarter earnings Thursday of $535 million, or 98 cents a share, up from year-earlier earnings of $430 million, or 72 cents a share.

Analysts anticipated the company would report fiscal-second quarter earnings of 89 cents a share on revenue of $3.32 billion.


Networking company LinkedIn (LNKD) is scheduled to report first-quarter earnings Thursday after the market closes.

Analysts, on average, expect earnings of 9 cents a share on revenue of $178.58 million.

LinkedIn shares rose 99 cents, or 0.93%, to $107.39 in premarket trading Thursday.


Dow component Kraft Foods (KFT) is scheduled to report its first-quarter results after Thursday's closing bell. Analysts are calling for earnings of 56 cents a share on revenue of $13.05 billion.

Kraft is splitting into two separate publicly traded entities -- a North American grocery products company that will retain the Kraft Foods name and a global snack foods company to be called Mondelez International.

Is the Facebook IPO Worth the Risk?


Green Mountain Coffee Roasters (GMCR) reported a revenue shortfall in its fiscal second quarter and provided an outlook for fiscal 2012 that was well below analysts' expectations.

Green Mountain said it sees non-GAAP earnings of $2.40 to $2.50 a share; analysts forecast profit of $2.67 a share.

Shares of Green Mountain plummeted 39.58% in premarket trading Thursday to $29.92.

AIG vs. Bank of America Vie for 2012 Comeback King


Costco Wholesale (COST), the warehouse retailer, said Thursday that comparable-store sales in April rose 4%. Total sales rose 7% to $7.25 billion.

Shares of Costco fell 1.55% to $85.30 in premarket trading Thursday.


Kensey Nash (KNSY), a medical-devices company, agreed to be acquired by Dutch high-performance materials maker Royal DSM for $38.50 a share.

The cash bid, which has been approved by the Kensey Nash board, is a 33% premium to Kensey Nash's closing price of $29.01 on Wednesday.

Shares of Kensey Nash rose 32.33% in premarket trading Thursday to $38.39.

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs