Sep 6, 2013

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Morning Hot Movers: LinkedIn (NASDAQ:LNKD) and Quiksilver Inc. (NYSE:ZQK)

Morning Hot Movers: LinkedIn (NASDAQ:LNKD) and Quiksilver Inc. (NYSE:ZQK)

Growth believing investors should admire LinkedIn Corp.’s (NASDAQ:LNKD) proposed $1 billion stock offering.

Generating that big a war chest would give the expert social network the opportunity to employ more ability and use more on marketing.

It would also let the Mountain View, Calif.-located firm LNKD to spend more in foreign markets, an idea that a few Wall Street experts have been forcing on Chief Executive Jeff Weiner.

All of that investment should assist enhancing LinkedIn’s top-line growth, which declined lower than 60% last quarter, as the firm gets bigger and year-over-year evaluations get harder.

Quiksilver Inc (NYSE:ZQK) reported that its fiscal third-quarter earnings plunged 84%, as the sports outfitter was affected by restructuring-associated costs, asset write-downs and other items, along with lesser revenue.

Though, shares were 14% higher, at $5.92 in Thursday’s after-hours trading, as revised earnings topped predictions. Till the end of Thursday, the stock has increased 72% in the last 12 months.

For the period concluded on July 31, Quiksilver declared a profit of $2.1 million, or a penny a share, lower as compared to $12.6 million, or seven cents per share, a year ago.

The recent quarter consisted of a $4.1 million currency-exchange loss, while the year-ago quarter consisted of a $2.2 million rise.

Omitting restructuring-associated costs, asset write-downs and other items, revised earnings were  unchanged at 10 cents.

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