Google ( GOOG) is developing a home entertainment device that would "stream music wirelessly throughout the home" and be sold as a branded item, The Wall Street Journal reported. The device would allow the Internet search engine to delve into the creation of consumer electronic devices. While Google's Android software is a popular smartphone operating system, the new device would get the company involved in the creation of hardware. Google shares were dropping 0.6% to $608 in early trading.
NYSE Euronext ( NYX) said fourth-quarter profit declined as it incurred costs related to the failed merger with Germany's Deutsche Boerse. NYSE Euronext, the operator of the New York Stock Exchange, earned $110 million, or 43 cents a share, in the fourth quarter, down from year-earlier profit of $135 million, or 51 cents. The latest period included $46 million of costs from the collapsed deal with Deutsche Boerse. Excluding the charges and other items, earnings in the quarter were $130 million, or 50 cents a share, compared with $120 million, or 46 cents, last year. NYSE shares were falling 0.5% to $27.55.
LinkedIn ( LNKD), the business social networker , beat the consensus profit view for its fiscal fourth quarter and provided a solid outlook. LinkedIn reported non-GAAP earnings of $13.3 million, or 12 cents a share, for the quarter ended in December on revenue of $167.7 million. It had revenue of $81.7 million a year earlier. Analysts polled by Thomson Reuters expected earnings of 7 cents a share in the company's fiscal fourth quarter on revenue of $159.7 million. LinkedIn was surging 9% to $83.25.
Micron Technology ( MU) will face analysts Friday, a week after the death of CEO Steve Appleton in a plane accident, to provide an update on the company's strategy and market conditions . The conference will allow some insight into changes -- if any - the company might make as Mark Durcan, former chief operating officer, takes the reins. Micron shares were slipping 1.1% to $8.07.
Activision Blizzard ( ATVI), the game maker, beat Wall Street's fourth-quarter earnings expectations, posting a profit of 62 cents a share on revenue of $2.41 billion. Activision saw strong sales in the quarter of its core World of Warcraft and Call of Duty franchises. Revenue declined 5% from a year earlier. Analysts were looking for earnings of 56 cents a share on revenue of $2.2 billion. Activision shares were advancing 1.1% to 12.80.
Alcatel-Lucent ( ALU) posted an annual profit in 2011, its first since Alcatel and Lucent merged in 2006. Paris-based Alcatel-Lucent, the telecommunications equipment maker, posted a 2011 profit of €1.1 billion ($1.46 billion) in 2011, a swing from a 2010 loss of €334 million, on cost cuts. Shares were soaring 15% to $2.23.
Arch Coal ( ACI) reported smaller-than-expected earnings as revenue grew less than forecast in the fourth quarter. Arch Coal, the second-largest U.S. coking-coal producer, reported earnings of 29 cents a share for the October-December period on revenue of $1.23 billion. Revenue grew 47% from $835.39 million the prior year after the addition of the former International Coal Group, which was acquired for $3.4 billion in May. The company was expected by analysts to earn 33 cents a share in the fourth quarter on revenue of $1.3 billion. Shares were declining 3.7% to $15.01.
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