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: LinkedIn, AIG, Duke Energy

Stocks in this article: LNKDAIGKRFTDUKMSGBKSGOOG

NEW YORK -- LinkedIn (LNKD), the career Web site, forecast on Thursday second-quarter sales and earnings below analysts' estimates.

The Mountain View, Calif-based Internet company said it expects to post earnings before interest, depreciation and amortization of $77 million to $79 million, short of the estimates of $84.8 million. Sales were also less than expected, as the company forecast revenue for the current quarter between $342 million and $347 million, short of an average estimate of $359.7 million.

For the first quarter, LinkedIn sales rose 72% to $324.7 million, beating an average forecast of $318.2 million as adjusted net income reached $52.4 million, also topping analysts' average forecasts of $36.5 million.

LinkedIn Sandbags Estimates, Shares Tumble


Insurance giant American International Group (AIG) said Thursday first-quarter net income was $2.2 billion, or $1.49 a share, down 31% from year-earlier earnings of $3.2 billion, or $1.71 a share. The 2012 results included $3.3 billion in pretax income from investments in funds that were sold or liquidated last year.

Analysts were expecting earnings of 88 cents a share.

AIG's after-tax operating income, which excludes the impact of certain investments and hedging activities, rose 28% in the first quarter to $3.02 billion.


Kraft Foods' (KRFT) first-quarter earnings topped Wall Street expectations. The company earned $456 million, or 76 cents a share, down from $483 million, or 82 cents a share, a year earlier.

Revenue rose 2% to $4.55 billion.

Wall Street was expecting earnings of 63 cents a share on revenue of $4.49 billion.


Barnes & Noble (BKS) said Friday it is adding Google's (GOOG) Play app store to its 7-inch Nook HD and 9-inch HD+ products in the U.S. and U.K., a move that greatly expands the number of apps available from the Nook tablets.

3 Big Tech Stocks to Trade (or Not)


Madison Square Garden (MSG) is forecast by analysts to report on Friday fiscal third-quarter earnings of 32 cents a share on revenue of $406 million.


Duke Energy (DUK) is predicted to post first-quarter profit of $1.04 a share on revenue of $5.69 billion.

5 Huge Stocks to Trade in May


-- 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.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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