LinkedIn Corp (NYSE:LNKD)forecast sales that trailed analysts’ estimates, pushing the stock down more than 6 percent, as growth slows in all three of the professional networking site’s businesses. First-quarter revenue will be $455 million to $460 million, the Mountain View, California-based company said yesterday in a statement. Analysts on average projected sales of $469.4 million, according to data compiled by Bloomberg. LinkedIn Corp (NYSE:LNKD) stock opened at $210.19 in last trading session, and closed at $209.59, trading in the range of $201.98 – $211.78. The stock showed a negative weekly performance of -2.61%.
News Corp (NASDAQ:NWSA)’s revenue fell 4% in its fiscal second quarter as a drop in advertising and subscription revenue at the news and information business offset growth at its other businesses. Net income dropped to $150 million from $1.4 billion in the year-earlier quarter, which was boosted by an accounting gain tied to the acquisition of Australia’s Consolidated Media Holdings. Excluding one-time items and other costs, net income was $179 million, compared with $178 million a year earlier. News Corp (NASDAQ:NWSA) stock advanced 8.68% and finished the last session at $17.41. The EPS of the stock remained 1.12. Company’s market capitalization is $10.08 billion.
Activision Blizzard (NASDAQ:ATVI) announced a annual dividend on Friday, February 7th, AnalystRatingsNetwork.com reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.20 per share on Wednesday, May 14th. This represents a dividend yield of 1.02%. The ex-dividend date is Monday, March 17th. This is an increase from Activision Blizzard’s previous annual dividend of $0.19. Activision Blizzard, Inc. (NASDAQ:ATVI) shares closed at $19.64 on last trade day, by gaining 14.39%. Stock 52 week range is $11.81 – $19.95. Company’s market capitalization is $13.66 billion.
Expedia Inc (NASDAQ:EXPE)’s higher-than-estimated earnings yesterday capped a week of mixed results that left the ratio of Standard & Poor’s 500 Index profits beating analysts’ predictions this reporting season at 76 percent. Expedia Inc (NASDAQ:EXPE) stock opened at $74.00 in last trading session and closed at $74.45. The 52 week range of the stock is $45.69 – $75.45 and the day range was $72.44 – $75.45.