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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.