(LNKD) stock went on a roller coaster ride after closer scrutiny of the company’s guidance raised concerns about growth. LinkedIn late Thursday reported better-than-expected Q2 earnings and gave Q3 and full-year guidance above Wall Street estimates, sending the stock up 10% in after-hours trading Thursday. But it quickly reversed as a deeper dive into the numbers showed an unexpected slowdown in display advertising and concerns about LinkedIn’s
Video game publisher Electronic Arts (EA), which just released the pro golf game “Rory McIlroy PGA Tour,” might want to take a mulligan on its guidance. Late Thursday, the Redwood City, Calif.-based company reported June-quarter earnings that beat Wall Street estimates, but gave September-quarter and full-year guidance that lagged views. For its fiscal first quarter, which ended June 30, EA earned 15 cents a share, excluding items, on sales of $693 million. Analysts polled by Thomson Reuters expected 3 cents EPS and $652 million in revenue. For the current quarter, EA is targeting earnings of 40 cents a share minus items on sales of $1.075 billion. Wall Street had been modeling 67 cents and $1.12 billion. For the current fiscal 2016, EA is looking for earnings of $2.85 a share ex items on sales of $4.45 billion. Wall Street was targeting $2.87 cents and $4.48 billion. EA stock was down…
Zillow Group (Z) fell on Friday after getting a price target cut on concerns that the online real estate listings company is wilting under intense industry competition. Zillow reports Q2 earnings on Tuesday after the close. Zillow stock was down a fraction in midday trading in the stock market today, near 83. Zillow stock has plummeted nearly 40% since mid-February, when it completed its acquisition of top competitor Trulia, and hit an eight-month high of