Stocks Battered on Down Day
Alcatel-Lucent (ALU) announced CEO Ben Verwaayen would be departing from his head position as of the French-U.S. telecommunications gear maker. Shares plunged 7%.
Media giant News Corp. (NWSA) reported earnings for its fiscal second quarter of 44 cents a share on revenue of $9.43 billion. Wall Street expected a profit of 42 cents a share on revenue of $9.28 billion. Shares decreased 2.3%
Sprint (S) shares fell 0.52% on Thursday after the company reported a loss of 44 cents a share on revenue of $9.01 billion. Analysts were expecting 46 cents a share on $8.92 billion in revenue.
LinkedIn (LNKD - Get Report) shares decreased 1.3% on Thursday before it reported earnings after the closing bell. The business-focused social networking company reported adjusted earnings of 35 cents a share on revenue of $303.6 million. Consensus among analysts polled by Thomson Reuters expected 19 cents a share on $280 million of revenue.-- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux
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