Yahoo Finance Tyson Foods soars; investors dump shares of LinkedIn; Lions Gate crushed on soft box office performance
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Tyson Foods
Tyson Foods’ (TSN) stock is soaring after the largest meat processing company in the United States posted better-than-expected earnings. Its quarterly results were driven by a sharp decline in livestock and feed costs. Tyson Foods posted net income of $461 million, or $1.15 per share, for the first quarter, up from $310 million on year ago. The company has also upped its full year earnings forecast.
Investors are dumping shares of LinkedIn (LNKD) after the company gave weak guidance for the current quarter and all of 2016. The professional networking site missed Wall Street estimates as growth slowed in its ads business to 20% in the fourth quarter, down from 56% a year earlier. LinkedIn’s Chief Financial Officer Steve Sordello added that the firm’s recruitment services business is facing pressure overseas given “current global economic conditions.”
Lions Gate
Lions Gate (LGF) shares are plunging after reporting quarterly earnings. The company cited soft performance of its movies as revenue fell 11% from one year ago. Lions Gate posted earnings at $35.5 million for the three months ending Dec. 31, 2015, compared to a profit of $98 million one year ago. This quarter's results included Jennifer Lawrence’s fourth and final “Hunger Games” movie, which grossed $652 million worldwide.
