9 Late Movers: LinkedIn Continues to Move Higher, Arch Coal Declines and New Xbox May Have HD Controller
On Friday, the Dow Jones Industrial Average (NYSEARCA:DIA) posted its worst day of 2012. The index was led lower by Alcoa Inc. (NYSE:AA), Bank of America (NYSE:BAC) and Hewlett-Packard (NYSE:HPQ). All three companies managed to edge slightly higher in extended trading.
After closing nearly 18 percent higher on Friday, shares of LinkedIn Corp. (NYSE:LNKD) edged higher in late market trading. The professional social network company reported net income of $6.9 million (6 cents per share) for the fourth quarter.
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Late Friday, Xbox World magazine claims Microsoft (NASDAQ:MSFT)’s next Xbox will feature controllers with high definition touch-screens. The next Kinect system will also be able to track finger movements. Shares of the company gained .24 percent in late trading.
Shares of Netflix Inc. (NASDAQ:NFLX) gained .14 percent in late trading after a Russian newspaper claims that Netflix and Hulu (NASDAQ:CMCSA) (NYSE:DIS) are considering expanding their streaming services in Russia.
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Arch Coal Inc. (NYSE:ACI) shares continued their decline in late trading after closing 7.6 percent lower on Friday. The company announced that revenues in the fourth quarter came in at $1.23 billion, falling short of the average estimate of $1.3 billion. Shares of Peabody Energy Corp. (NYSE:BTU) and Alpha Natural Resources Inc. (NYSE:ANR) also declined.
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