4 Stocks Moving After Hours on this Historic Market Correction Day
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 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%.
American International Group (NYSE:AIG): The insurer recorded a second-quarter profit, swinging to a gain of $1.8 billion, or $1 a share, from a year-ago loss of $2.65 billion, or $19.57 a share. Revenue for the three months ended June 30 decreased to $16.7 billion from $18.3 billion a year ago. Analysts predicted AIG would earn 94 cents a share on $11.42 billion in revenue. The stock is up 0.76% in after hours trades.
Priceline.com Inc. (NASDAQ:PCLN): The online travel company with one of the highest stock values on the NYSE in terms of per share dollar price, reported outstanding second quarter results today. Priceline posted a profit of $256.4 million, or $5.02 a share, from $115 million, or $2.26 a share, a year earlier. Revenue increased 44% to $1.1 billion. Earlier this year Priceline forecast profit of $4.70 to $4.90 a share on revenue growth of 36% to 41%, better then analysts’ expectations at the time. Expenses also rose by 78%. PCLN is up over 10% in after hours exchanges. Competitors to Watch: Orbitz Worldwide, Inc. (NYSE:OWW), Expedia, Inc. (NASDAQ:EXPE), and Travelzoo Inc. (NASDAQ:TZOO).
First Solar Inc. (NASDAQ:FSLR): The solar company reported that second quarter profit fell to $61.1 million, or 70 cents a share, from $159 million, or $1.84, a year ago. Revenue for the quarter fell to $532.8 million from $587.9 million. Analysts expected the Arizona based solar power company would earn 92 cents a share on $588 million in revenue. FSLR stock is down -2.72% after the closing bell.