LinkedIn and Skullcandy are big market movers

AP News
Posted: May 02, 2014 4:27 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:


InvenSense Inc., down 96 cents to $19.63

The motion sensor company offered an unexpectedly tepid outlook for profit and revenue, and also posted light quarterly profits.

LinkedIn Corp., down $13.49 to $147.73

The online professional networking service posted its largest quarterly loss since going public and investors fret about its rising expenses and slowing revenue growth.

Estee Lauder Companies Inc., up $3.43 to $75.62

Third-quarter profit rose 19 percent at the cosmetics company, topping expectations, and it also lifted its outlook for the year.

The Western Union Co., up 46 cents to $16.31

After five quarters of lackluster sales, the money shuttling service posted rising revenue and analysts expect earnings growth.


Endocyte Inc., down $10.76 to $6.62

The biopharmaceutical ended a late-stage trial of its experimental ovarian cancer drug, citing a failure to improve survival rates.

OpenTable Inc., up $3.17 to $71.44

After a big quarter, Bank of America upgraded the online restaurant reservation service, citing a bustling restaurant sector.

Nutrisystem Inc., up $1.29 to $16.80

After topping first-quarter profit expectations, the weight-loss company upped its earnings and revenue projections for the year.

Skullcandy Inc., up 28 cents to $8.03

Sales in North America grew during the first quarter and margins improved, which helped the headphone maker to narrow its losses.

Wynn Resorts Ltd., up $15.05 to $221.68

Gambling in Macau keeps getting hotter and it pushed the gaming company well past quarterly projections.