LinkedIn Corporation (LNKD) shares are up $22.93 to $239.93 in after-hours trading Thursday after the company reported solid third-quarter earnings, beating expectations on both revenue and EPS.
The Mountain View, Calif.-based online professional network operator posted earnings of $0.78 per share on revenues of $779.6 million, up 37.2% from a year ago. Analysts were expecting EPS of $0.45 on revenues of $756.16 million.
For the current quarter, LinkedIn provided EPS guidance of $0.74 versus consensus of $0.66 per share. The company also issued revenue projection of $845 – $850 million, compared to the consensus revenue estimate of $846.28 million. For full fiscal year 2015 revenue is expected to range between $2.975 billion and $2.980 billion.
YRC Worldwide Inc. (YRCW) reported third – quarter EPS of $0.61 after the closing bell Thursday, compared to the consensus estimate of $0.56. Revenues decreased 5.9% from last year to $1.24 billion. Analysts expected revenues of $1.26 billion. The stock is currently up $1.92 to $15.77 on 1.94 million shares.
First Solar, Inc. (FSLR) is flat in after-hours trading after it reported fiscal-third-quarter earnings.
The largest U.S. solar company handed in earnings of $3.38 per share on revenue of $1.27 billion, beating Wall Street estimates of $1.62 per share on revenue of $1.11 billion.
“We had tremendous execution in the third quarter from both a financial and bookings perspective,” said in a statement Jim Hughes, CEO of First Solar. “We have now exceeded our book-to-bill target for the year, booked over 1GWdc of volume with deliveries after 2016, achieved strong quarterly earnings and have significantly raised our full year earnings guidance. We remain confident in our long term strategy and our ability to execute successfully.”
The company guided FY15 revenues of $3.5 – 3.6 billion, as compared to analysts’ expectations of $3.57 billion. The management also gave its bottom line range of $4.30 – $4.60 per share, against projections of $3.32 per share.
First Solar shares have risen 14.01% since the beginning of the year, while the S&P’s 500 index has risen 1.5%. In the final minutes of Nas trading on Thursday, shares hit $50.99, a fall of 11.38% year-over-year.
SolarCity Corporation (SCTY) dropped $6.93, 17.94%, to $31.14 in after-hours trading after it reported results for the third fiscal quarter ended September 30, 2015.
In its quarterly report, the company said it earned ($0.20) per share, well below the ($1.94) per share analysts were expecting. Revenue rose 95.1% to $113.85 million, above views for $111.43 million.
The company guided Q4 revenues of $100 – $108 million, as compared to analysts’ expectations of $117.84 million. The management also gave its bottom line range of ($2.75)-($2.60) per share, against projections of ($2.15) per share.