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Los Angelas, CA -- (SBWIRE) -- 11/02/2012 -- Linkedin Corporation (NYSE:LNKD) seems to be the only social networking company which has been outperforming. The stock soared 8.41% in the pre-open session as the company reported solid Q3 earnings late Thursday, which easily topped analysts’ estimates, thanks to increased ad rates and revenue from hiring services, which saw a solid boost. Moreover, the company boosted the full year guidelines and now Linkedin projects to generate revenue of $939 million and $944 million, well above from its past outlook of $915 million to $925 million. For the latest quarter, the company earned $2.3 million, or 2 cents a share on revenue of $252 million, signifying a 81% year over year jump in revenue. On an adjusted basis, the company would have earned 22 cents a share.
How Should Investors Trade LNKD Now? Find Out Here
OCZ Technology Group Inc.(NASDAQ:OCZ) shares gained 16.30% to $1.57. The company has sharply reduced its staff as it works to refocus the company. OCZ said non-production staff has been cut 28%, while the workforce at OCZ’s Taiwan production facility has been reduced by 32%. The company said it plans to discontinue about 150 product variations, reducing the number of “value category” products by 50%. OCZ Technology Group Inc. (NASDAQ:OCZ) engages in the design, manufacture, and distribution of solid state drives (SSDs) and computer components primarily in the United States, Canada, Germany, the Middle East, Africa, and other European countries.
Can OCZ Move Up Further? If Yes, How far It can Go? Find Out Here
Accuride Corp (NYSE:ACW) is a manufacturer and supplier of commercial vehicle components in North America. Its products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and ductile and gray iron castings. It markets its products under the brands, including Accuride, Gunite, Imperial, and Brillion. Accuride Corporation released its earnings results on Thursday. The company reported ($0.37) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.13) by $0.24. The company’s quarterly revenue was down 10.6% on a year-over-year basis.
How Should Investors Trade ACW Now? Find Out Here
Quantum Corp(NYSE:QTM) shares climbed 12.38% to $1.18. The company announced that it has sold more than 1,000 DXi6701/02 disk backup and duplication appliances, driven by broad adoption in the first year of shipping. The unmatched performance, scalability and value of the DXi6701/02 helped make it the most successful branded systems product launch in Quantum’s history, and since then customers across the globe have deployed it to meet their data protection needs.
Can QTM Move Up Further? If Yes, How far It can Go? Find Out Here
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