This Day On The Street
Continue to site
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

ZipCar Zips Lower: Tech Winners & Losers

NEW YORK ( TheStreet) --

ZipCar (ZIP) tumbled 36.50% to $6.75, a new all-time low, on Friday after falling short of analysts' second-quarter estimates and relaying a disappointing outlook for the third-quarter and the rest of the year.

The car-sharing network reported a penny of earnings on $70.8 million of revenue for the second quarter. For the third-quarter, the company expects to generate between $74 million and $77 million of revenue, and for the full year, between $272 million and $278 million. Analysts surveyed by Thomson Reuters expect $80.27 of revenue for the third quarter and $285.80 for the full year.

Investor confidence in LinkedIn (LNKD - Get Report) sent shares soaring 16.04% to $108.51 on Friday. Not only did the professional network release strong second-quarter earnings on Thursday, but a positive outlook for the rest of 2012.

LinkedIn revised its guidance for third-quarter, predicting sales of $235 million to $240 million. Analysts surveyed by Thomson Reuters expect 16 cents a share on $236.06 million in revenue. LinkedIn expects revenue to be between $915 million and $925 million for 2012, up from the prior range of $880 million to $900 million.

Facebook (FB - Get Report) rallied after hitting a new 52-week low of $19.82 on Thursday.

Earlier this week, the Menlo Park, Calif.-based social network reported that almost 9% of its active user accounts are fake.

Shares closed up 5.24% on Friday to finish at $21.09.

Electronic Arts (EA - Get Report) filed a lawsuit against social gaming company Zynga (ZNGA - Get Report), claiming The Ville infringes on copyrights to its Facebook game, The Sims Social.

Shares of Electronic Arts closed up 5.28% to $11.97 and Zynga gained 0.74% to $2.72. Earlier in the week, Zynga reached an all-time low of $2.66.

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to:

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ZNGA $2.38 0.00%
EA $61.85 0.00%
FB $117.58 0.00%
LNKD $125.31 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs