News Column

LinkedIn and Skullcandy are big market movers

May 2, 2014



NEW YORK (AP) Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

InvenSense Inc., down 96 cents to $19.63

The motion sensor company offered an unexpectedly tepid outlook for profit and revenue, and also posted light quarterly profits.

LinkedIn Corp., down $13.49 to $147.73

The online professional networking service posted its largest quarterly loss since going public and investors fret about its rising expenses and slowing revenue growth.

Estee Lauder Companies Inc., up $3.43 to $75.62

Third-quarter profit rose 19 percent at the cosmetics company, topping expectations, and it also lifted its outlook for the year.

The Western Union Co., up 46 cents to $16.31

After five quarters of lackluster sales, the money shuttling service posted rising revenue and analysts expect earnings growth.

Nasdaq

Endocyte Inc., down $10.76 to $6.62

The biopharmaceutical ended a late-stage trial of its experimental ovarian cancer drug, citing a failure to improve survival rates.

OpenTable Inc., up $3.17 to $71.44

After a big quarter, Bank of America upgraded the online restaurant reservation service, citing a bustling restaurant sector.

Nutrisystem Inc., up $1.29 to $16.80

After topping first-quarter profit expectations, the weight-loss company upped its earnings and revenue projections for the year.

Skullcandy Inc., up 28 cents to $8.03

Sales in North America grew during the first quarter and margins improved, which helped the headphone maker to narrow its losses.

Wynn Resorts Ltd., up $15.05 to $221.68

Gambling in Macau keeps getting hotter and it pushed the gaming company well past quarterly projections.


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Source: Associated Press


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