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Expedia Inc. shares rallied in the extended session Thursday after the travel website posted a surprise profit for the quarter. Expedia shares surged 13% to $120.53 after hours. The company reported adjusted first-quarter earnings of 9 cents a share on revenue of $1.9 billion. Analysts surveyed by FactSet had forecast a loss of 5 cents a share on revenue of $1.84 billion.

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Juniper Networks Inc. shares declined in the extended session Thursday after the networking company’s earnings came in at the high end of an April profit warning but were still below Wall Street estimates. Juniper shares declined 0.8% to $23.22 after hours. The company reported first-quarter earnings of 37 cents a share on revenue of $1.1 billion. Earlier in the month, Juniper cut its earnings outlook for the first quarter to a range of 35 cents and 37 cents a share because of weaker business demand. Even with the profit warning, analysts surveyed by FactSet were last forecasting 39 cents a share on revenue of $1.12 billion. For the second quarter, Juniper sees adjusted earnings of 44 cents to 50 cents a share on revenue of $1.16 billion to $1.22 billion. Analysts had estimated earnings of 50 cents a share on revenue of $1.21 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Regal Entertainment Group shares popped as much as 6.7% in after-hours trade Thursday after it beat on profit and revenue for the first quarter. The theater operator said net income rose to $40.7 million, or 26 cents per share, compared with $23 million, or 15 cents during the same period a year ago. Adjusted earnings for the quarter was 27 cents per share, just above the FactSet consensus of 26 cents. The company said revenue hit $787.1 million, coming in above last year’s $691.3 million and the FactSet consensus of $771.0 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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LinkedIn Corp. shares rallied in the extended session Thursday after the social network’s earnings and outlook topped Wall Street estimates. LinkedIn shares surged 15% to $142 after hours. The company reported adjusted first-quarter earnings of 74 cents on revenue of $860.7 million. Analysts surveyed by FactSet had estimated 60 cents a share on revenue of $827.8 million. For the second quarter, LinkedIn forecast adjusted earnings of 74 cents to 77 cents a share on revenue of $885 million to $890 million. Analysts had estimated earnings of 71 cents a share on revenue of $885.9 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of Amazon.com Inc. skyrocketed 11% in after-hours trade Thursday, following the company’s much stronger-than-expected first-quarter earnings. The company swung to a profit in the quarter, with net income coming in at $513 million, or $1.07 a share, after a loss of $57 million, or 12 cents a share, in the year-earlier period. Revenue climbed 28% year-over-year. Analysts on average were calling for earnings of 58 cents on sales of $28 billion, according to FactSet. The company forecast sales for the current quarter between $28 billion and $30.5 billion, compared with the consensus estimate of $28.3 billion. In a statement, CEO Jeff Bezos attributed the quarter’s gains to hardware, with Amazon selling twice as many Fire tablets than in the same quarter last year. However, the company does not breakout revenue from hardware specifically. Sales of Amazon Web Services grew to $2.57 billion during the quarter from $1.56 billion last year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Apple Inc.’s stock slumped 3.1% late in Thursday’s regular session, putting it on track for a sixth-straight decline. That would be the longest such stretch since the seven-session losing streak ending Feb. 21, 2013. The 10th-time is the charm for Apple bears, as the stock has suffered nine five-session losing streaks since the last streak of at least six sessions. The stock has dropped $12.31, or 11%, during the current loss streak, to shave off about 84 points off the Dow Jones Industrial Average .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Shares of Apple Inc. fell 2% on Thursday afternoon after activist investor Carl Icahn said he sold his stake in the company following the iPhone maker’s dismal second quarter. In an on-air interview with CNBC, Icahn, whose investment firm owned 45.8 million shares of Apple as of Dec. 31, according to FactSet, spoke about concerns he had regarding Apple’s growth, including sales in China, which plummeted 26% during the quarter.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Gold and silver futures rallied on Thursday, with gold settling at its highest level in seven weeks and silver again finishing at its best level since May. Decisions by the U.S. Federal Reserve and Bank of Japan to stand pat on interest rates put pressure on the dollar, providing support for the dollar-denominated precious metals. June gold added $16, or 1.3%, to settle at $1,266.40 an ounce and July silver settled at $17.588 an ounce, up 25.3 cents, or 1.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News