11 Hot Equities: LinkedIn Surges 6%, Zynga Teams Up With Hasbro and True Religion Crashes 22%
Shares of Activision Blizzard (NASDAQ:ATVI) bounced 1.2 percent higher after announcing fourth quarter earnings. The company earned 62 cents per share, compared to 53 cents per share a year earlier. The video game publisher also raised its dividend from 16.5 cents to 18 cents. Electronic Arts (NASDAQ:EA) also traded higher in late trading.
LinkedIn Corp. (NYSE:LNKD) shares surged more than 6 percent in after the closing bell. The social network company reported net income of $6.9 million (6 cents per share) for the fourth quarter. This represents a 30 percent increase from the prior year. Shares of social gaming company Zynga Inc. (NASDAQ:ZNGA) also edged higher after announcing a partnership with Hasbro Inc. (NYSE:HAS).
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True Religion Apparel Inc. (NASDAQ:TRLG) plummeted 22 percent after releasing fourth quarter results. The company reported earnings of 62 cents per share, compared to estimates of 71 cents per share.
Shares of Nuance Communications Inc. (NASDAQ:NUAN) fell 10 percent in extended trading. The company, which is the supplier for Apple’s (NASDAQ:AAPL) Siri speech recognition feature, posted earnings of 34 cents per share, below estimates of 36 cents per share. For the full year, the company sees non-GAAP revenue of $1.66 billion to $1.71 billion; consensus was $1.68 billion.
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Shares of Expedia Inc. (NASDAQ:EXPE) declined more than 5 percent after releasing fourth quarter results. Net income for the lodging company fell to $70.3 million (51 cents per share), compared to $71.3 million (50 cents per share) a year earlier. Shares of Orbitz Worldwide Inc. (NYSE:OWW) and Priceline.com Inc. (NASDAQ:PCLN) also declined.
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