Show Entire Article
Among earnings, LinkedIn surged after the business-related social networking site reported better-than-expected revenue and profit. In addition, at least six brokerages raised their price target on the firm.
Kraft Foods posted results that edged above Wall Street estimates , reaffirmed its full-year growth targets and said it was on track with plans to split into two companies later this year. Stifel raised its price target on the stock to $44 from $42.
Fellow Dow component Bank of America said in a quarterly filing that it would have been required to post $5.1 billion in collateral under derivatives contracts as of March 31 if major ratings agencies had downgraded its debt by two notches. JPMorgan declined after CLSA's Mike Mayo cut his rating on the bank to "underperform" from "outperform."
Bailed-out insurer AIG said quarterly profit more than doubled from a year earlier, exceeding expectations with the help of investment gains.
Toy maker LeapFrog Enterprises posted strong quarterly results, helped by strong demand for its LeapPad learning tablet.
Berkshire Hathaway is slated to post earnings after-the-bell Friday.
Of the 415 S&P 500 companies that have posted earnings so far, nearly 67 percent have topped Wall Street estimates, while almost 24 percent have missed.
Page 3 of 5 | Prev Page | Next PageShow Entire Article
KFT News & Analysis
DATA IS REAL-TIME EXCEPT NOTED WITH *
* DATA DELAYED AT LEAST 15 MINUTES