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After The Bell

After-market Movers For August 2 (LNKD, NILE, OPEN, MELI, BODY, ZIP, KCG, CFFC)

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Gainers:

Linkedin Corp. (LNKD) rose 7 percent to $100.17. The company's second quarter profit declined from the year-ago quarter, while its non-GAAP earnings per share matched Wall Street view. Revenue soared 89 percent and were above the consensus estimate. The company also raised its revenue and adjusted EBITDA guidance for full-year 2012.

Blue Nile Inc. (NILE) gained over 20 percent to $28.59. The company's second quarter profit declined from the year-ago quarter, yet topped Wall Street view. Net sales increased 13 percent and were also above the consensus estimate. The company expects third quarter earnings per share below analysts' estimate, but net sales above consensus. For the fiscal year 2012, the company expects earnings per share above the consensus estimate and net sales in-line with estimate.

OpenTable Inc. (OPEN) was up 10 percent to $37.75. The company's second quarter profit declined from the same period last year, while its non-GAAP earnings per share were above analysts' projection. Net revenues for the quarter improved 15 percent. The company forecast third quarter and full-year results in-line with market view.

Mercadolibre Inc. (MELI) improved 12 percent to $74.50. The company's second quarter earnings and net revenues surged from the prior year period and also surpassed Wall Street expectations.

Decliners:

Body Central Corp. (BODY) declined 17 percent to $7.94. The company's second quarter profit and revenues increased from the year-ago quarter and were above Wall Street view. However, the company guided its third quarter results below analysts' expectations, while it lowered its full-year guidance.

Zipcar Inc. (ZIP) plunged over 19 percent to $8.55. The company's second quarter net loss narrowed from the year-ago quarter. Revenue increased 15 percent, but missed the consensus estimate. In addition, the company anticipates third quarter and 2012 revenue below analysts' expectation.

Knight Capital Group Inc. (KCG) fell 13 percent to $2.23, after plunging 63 percent in the day's regular session. Earlier today, the company provided an update on the August 1, 2012 disruption to routing in NYSE-listed securities. The company said it has traded out of its entire erroneous trade position, which has resulted in a realized pre-tax loss of about $440 million. There were reports that the company seeks an investment or a buyer.

Trading halt:

Trading in shares of Community Financial Corp. (CFFC) was halted. City Holding Company has agreed to acquire Community and its wholly owned subsidiary, Community Bank. Community shareholders will receive 0.1753 shares of City common stock, representing value of $6 per share of Community.

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