3 Stocks to Watch on the Morning After the Market Crash
Proctor and Gamble (NYSE:PG): The company reported its fourth quarter Friday, with earnings up 15% to $2.51 billion, or 84 cents a share, from $2.19 billion, or 71 cents a share, in the year-ago period. Revenue rose 10% to $20.86 billion from $18.93 billion. Analysts were looking for earnings of 82 cents a share, on average, with sales of $20.57 billion. P&G predicted core earnings in the range of $4.17 to $4.33 a share in 2012, or up 6% to 10% from fiscal 2011. The stock is up 1.12% in early trades. Dig deeper into the earnings report in Procter & Gamble Co. Earnings Cheat Sheet: Margins Suffer for Five Quarters Straight, but Net Income Climbs.
Viacom Inc. (NYSE:VIAB): Viacom reported a net profit of $574 million, or 97 cents a share (99 adjusted), for the third quarter ended June 30, up from $420 million, or 69 cents, earned in the same period during fiscal 2010. The company’s quarterly revenue improved to $3.77 billion from the prior year’s $3.28 billion. Analysts had expected earnings of 85 cents a share. The stock has slipped -3.16% in premarket exchanges.
LinkedIn Corp (NYSE:LNKD): The professional social networking site reported results for the second quarter that surpassed analyst expectations. The company came in with a profit of $4.51 million, or 4 cents a share, compared with $938,000 or 2 cents a share for the year-earlier period. Revenue was $121 million, up from $54.9 million. Adjusted income was 10 cents a share. Analysts expected a loss of 4 cents a share on revenue of $104.5 million. The stock jumped quickly (+3.69%) after hours Thursday as investors looked for any piece of good news they could find. Still the rush did little to counter losses on the day of more than -9.5%. LNKD is now set to open 6.38% higher than yesterday’s close. The good news for social networking could spread to Google (NASDAQ:GOOG), Pandora (NYSE:P), Facebook (NASDAQ:MSFT), and even MySpace (NASDAQ:NWSA).