Diamonds and Dogs
LinkedIn Corporation (LNKD)
LinkedIn is connecting its investor to profits today, up 11.07% to $264.32. The professional networking company saw its shares climb after beating on earnings. For the fourth quarter, LinkedIn management announced revenues climbed 44% to $643.4 million and EPS rose 56% to $0.61 per share. Both numbers beat analysts' estimates of $616.8 million and $0.08 per share. The great quarter helped shares rally $26.35 today, to a new 52-week high of $272.95.
Yelp Inc. (YELP)
Yelp investors are crying for help today, as shares fell 21.73% to $44.98. The online local guide company saw its shares sink after worries regarding growth potential riddled the stock. Yelp posted its first-ever sequential decline in monthly active users in the last quarter as competition intensified from the likes of Google Inc. The decline in users also lead Northland Capital to downgrade the company from outperform to market perform. Shares of Yelp fell $12.49 today to a new 52-week low of $44.86.