Diamonds and Dogs
5/3/13LinkedIn Corporation (LNKD)
LinkedIn is facing its largest down days this year, down 12.96% at $175.54. The online professional network company saw its shares trade into the red after releasing its outlook. LinkedIn expects second-quarter revenue between $342 million and $347 million, analysts' forecasts were for $360 million. Furthermore, full year forecast is also being forecast lower than analysts' are expecting. Management expects full year revenue to come in between $1.43-$1.46 billion, analysts' felt that the company should have revenue of $1.5 billion. The lower outlook scared off some investors today, and shares fell $26.13 per share.
InvenSense Inc. (INVN)
InvenSense is trading in the green today, up 19.66% at $11.14. The gyroscope(for motion tracking devices) company saw its shares jump after beating earnings expectations. For the quarter, profit nearly tripled on a 67% spike in revenue. In fact, management cited strong demand for its smartphone and tablet products as a leading factor for the solid quarter. On another positive note, CEO Behrooz Abdi said, "Our customer design pipeline for fiscal year 2014 continued to expand significantly across all of our products." InvenSense bounced nicely off of its 52-week low of $9.06, but needs some more momentum to reach its high of $15.96.