After-Hours News: Twitter Inc (TWTR), Pandora Media Inc (P), GoPro Inc (GPRO), LinkedIn Corp (LNKD)
After-hours trading got off to a wild start Thursday after social networking giant Twitter Inc. posted a 97 percent jump in quarterly revenue and shares of Internet radio service Pandora Media Inc. plunged more than 20 percent after its revenue widely missed Wall Street forecasts. Meanwhile, professional networking site LinkedIn Corp. surged to a new all-time high after the companys profit and sales topped analysts estimates for the 15th consecutive quarter.
Wearable camera maker GoPro Inc.s stock leaped as much as 14 percent after its sales topped Wall Street estimates, but shares reversed and plunged more than 15 percent during the earnings call after it projected weaker-than-expected first-quarter profit.
U.S. stocks rallied Thursday, with the Dow Jones Industrial Average soaring more than 200 points after crude oil prices rebounded and closed above $50 a barrel. The Dow jumped 211.86 points, or 1.20 percent, to close at 17,884.88; the S&P 500 stock index added 21 points, or 1.03 percent, to end at 2,062.51; and the Nasdaq Composite gained 48.39 points, or 1.03 percent, to finish at 4,765.10
Twitter Shares Surge 11 Percent After Q4 Earnings Beat Street
Social networking giant Twitter Inc. (NYSE:TWTR) topped Wall Street estimates, posting a 97 percent jump in quarterly revenue from a year earlier, sending shares soaring more than 11 percent Thursday to $45.90 in extended-hours trading. Mobile advertising revenue was nearly 88 percent of total advertising revenue.
Twitter Inc. reported a fiscal fourth-quarter net loss of $125 million, or earnings per share loss of 20 cents, as revenue jumped 97 percent to $479 million, compared with a net loss of $511 million, or earnings per share of $1.41, on revenue of $243 million in the same period of 2013. For the full year, Twitter posted a net loss of $578 million, or earnings per share of 96 cents, on revenue of $1.4 billion.
LinkedIn Hits New High as Earnings Top Estimates for 15th Consecutive Quarter
Shares of professional networking site LinkedIn Corp. (NYSE:LNKD) surged to a new high in after-hours trading Thursday after the companys quarterly profit and sales topped analysts estimates for the 15th consecutive quarter.After hitting a new all-time high during Thursday's regular trading session, shares of LinkedIn Corp. soared more than 7 percent to $257.57 in after-hours trading following the report.
LinkedIn Corp. postedfiscal fourth-quarter net income of $3 million, or earnings per share of 2 cents, as revenue increased 44 percent to $643 million, compared with net income of $4 million, or earnings per share of 3 cents, on revenue of $447 million in the fourth quarter of 2013. For 2014, LinkedIn posted earnings per share of 13 cents as revenue rose 45 percent to $2.219 million, compared with EPS of 23 cents on revenue of $1.53 million in 2013.
Pandora Plunges More Than 20 Percent After Q4 Revenue Miss
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After-Hours News: Twitter Inc (TWTR), Pandora Media Inc (P), GoPro Inc (GPRO), LinkedIn Corp (LNKD)