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After-market Movers For May 3 (AIG, LNKD, BAGL, DLB, FSLR, BODY, ALXA)

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5/3/2012 6:12 PM ET

Gainers:

Linkedin Corp. (LNKD: Quote) gained 8 percent to $117.99. The company's first quarter profit and revenues doubled from the year-ago quarter and were above Wall Street view. The company guided second quarter revenue above consensus, while raising its fiscal year 2012 revenue guidance. The company also announced that it agreed to acquire SlideShare, a professional content sharing community, in a transaction valued at approximately $118.75 million.

Einstein Noah Restaurant Group, Inc. (BAGL: Quote) rose 29 percent to $18.10 based on the news that it plans review of strategic alternatives, including a possible business combination or sale of the company. The company's first quarter earnings and revenues improved from the last year quarter.

Dolby Laboratories, Inc. (DLB: Quote) increased 18 percent to $44.49 amidst the news that Microsoft (MSFT) has selected Dolby Digital Plus to create audio experiences for Windows 8 on Tablets And PCs. The company's first quarter profit and revenue increased from the prior year period and also were above Wall Street view.

Decliners:

American International Group, Inc. (AIG: Quote) fell 1 percent to $33.80. The company's first quarter net income attributable to the company and its after-tax operating income surged from the previous year period.

First Solar, Inc. (FSLR: Quote) declined 1 percent $17.90. The company slipped to a loss in its first quarter. Net sales declined from the year-ago quarter and was below consensus. Meanwhile, the company raised its fiscal 2012 earnings per share guidance. The company also announced that it has appointed James Hughes as its Chief Executive Officer.

Body Central Corp. (BODY: Quote) plunged 30 percent to $20.25 as the company expects its second quarter and full fiscal year results below Wall Street view. The company's first quarter earnings per share were in-line with analysts' estimate. Net revenues for the quarter increased 11.8 percent.

Alexza Pharmaceuticals, Inc. (ALXA: Quote) declined 42 percent to $0.35. The company has received a Complete Response Letter from the FDA regarding its New Drug Application for ADASUVE inhalation powder, 5 mg and 10 mg, indicating that the application is not ready for approval in its present form.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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