LinkedIn hit Wall Street’s financial expectations Thursday, but lowered its revenue guidance for next quarter as investors sent the stock down more than 25 percent during after-hours trading.LinkedIn reported 57 cents per share on $638 million in revenue for the first quarter of 2015. That’s a revenue jump of more than 35 percent over the same quarter last year.Those numbers […]
U.S. indexes were in the red all day today as some quite miserable economic data didn’t do the normal trick of making everyone happy because it means the Federal Reserve will never raise rates in our lives. The S&P 500 fell 0.37% and the NASDAQ 0.63%. The Federal Reserve Open Market Committee released its meeting statement on Wednesday afternoon that […]
Twitter’s stock dropped $8bn in a single day, all thanks to a tweet.Investors were rattled by the early disclosure of unexpectedly low revenues, exposed before the close of trading by Selerity, a service that scours the web looking for investment information.”We inadvertently released an early version of [Twitter’s] earnings,” Nasdaq admitted to the BBC. “We are investigating the root cause.”Normally, […]
Benchmarks finished mixed on Tuesday amid a slew of positive earnings results, weak consumer confidence report and decline in biotech stocks. The Dow and the S&P 500 registered modest gains banking on encouraging earnings results. IBM’s move to increase its quarterly dividend boosted the blue-chip index. However, the Nasdaq ended in the red after biotech stocks took losses. Decline in […]
Wall Street briefly halted trading for Twitter stock Tuesday afternoon after the company’s Q1 earnings were leaked early.Twitter missed analyst’s revenue projections, and the market reacted as Twitter stock quickly dipped almost 6 percent before trading was halted. Trading then resumed, and the stock finished the day down more than 18 percent.Twitter reported $436 million in revenue for the quarter; […]
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Brandon Fleisher’s parents can thank his eighth-grade math teacher for a lot — $99,000, to be exact.The teacher asked students to pick a stock to follow. Brandon chose Avalon Rare Metals, which hit an all-time high that spring, CNN Money reports.That was four years ago. From there, the Toronto teenager started trading on paper and ultimately became so good his parents […]
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“That’s a high-profile move. That could make people concerned,” said Steve Massocca of Wedbush Securities. “It’s not exactly the cheapest group around. It’s got an elevated valuation here. It does nothing but go up. It doesn’t take much to create a wobble.””It doesn’t appear to be hurting other speculative areas. The social media index is up three-quarters of a percent,” […]
Konami today voluntarily delisted itself from the New York Stock Exchange, effective April 24.Konami first notified investors of plans to delist in November and filed the notice on April 1, according to SEC documents. In today’s filing, Konami notes that 99.71 percent of the trading of the company’s stock over the past year occurred in Japan and London.In the April […]
