Stocks to Watch: LinkedIn, AIG, Duke Energy
NEW YORK -- LinkedIn
The Mountain View, Calif-based Internet company said it expects to post earnings before interest, depreciation and amortization of $77 million to $79 million, short of the estimates of $84.8 million. Sales were also less than expected, as the company forecast revenue for the current quarter between $342 million and $347 million, short of an average estimate of $359.7 million.
For the first quarter, LinkedIn sales rose 72% to $324.7 million, beating an average forecast of $318.2 million as adjusted net income reached $52.4 million, also topping analysts' average forecasts of $36.5 million.
Insurance giant American International Group
Analysts were expecting earnings of 88 cents a share.
AIG's after-tax operating income, which excludes the impact of certain investments and hedging activities, rose 28% in the first quarter to $3.02 billion.
Revenue rose 2% to $4.55 billion.
Wall Street was expecting earnings of 63 cents a share on revenue of $4.49 billion.
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-- Written by Joseph Woelfel
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