DigitalGlobe Inc(NYSE:DGI) shares jumped 17% to $15.83 after the GeoEye Inc is proposing to acquire DigitalGlobe Inc. The total consideration for the proposed acquisition is $17.00 per share. This will be payable $8.50 per share in cash and $8.50 in GeoEye stock.
Linkedin Corporation(NYSE:LNKD) rose 7.13% to $117.21 after the company the late Thursday reported first-quarter earnings that topped analysts’ estimates easily, prompted the company to boost its full year guidance. Moreover, the company agreed to acquire SlideShare, a presentation sharing website, for $118.8 million. The company reported net income of $5 million, or 4 cents per share, up from a year ago profit of $2.1 million, or break-even per share. On an adjusted basis, the company would have earned 15 cents a share, ahead of analysts’ estimates by 6 cents. Revenue during the quarter more than doubled to $188.5 million, beating analysts’ forecast of $179 million. The company continued to show impressive sign ups during the quarter adding 16 million profiles during to the end the quarter with 161 million members, compared to a year ago 102 million members. The company projects to generate revenue of $210 million to $215 million in the current quarter, again ahead of analysts’ view of $208 million. For the full year, the company lifted its revenue estimate to a range between $880 million and $900 million, up from $840 million to $860 million seen previously. Analysts currently expect $876 million. Shares of LNKD soared 9.50% to $119.53, near to its high of $122.70 on the debut day in May, 2011.
Dolby Laboratories, Inc. (NYSE:DLB) shares also gapped up as the company said late Thursday that it has reached an agreement with Microsoft Inc. to include its digital audio encoding program in the company’s Windows 8 operating system. Moreover, the company reported stronger-than-expected second-quarter results. The company reported net income of $88.1 million, or 81 cents per share, up 7% from a year ago profit of $82.1 million, or 72 cents per share, topping analysts’ estimates of 73 cents per share. Revenue jumped 4% to $260.3 million from $250 million, ahead of analysts’ forecast of $253.4 million.
For the full year, the company now projects to earn 2.80 to $3.04 per share on revenue of $910 million to $960 million, compared to analysts estimates of $2.56 per share and $942.7 million in revenue. Shares of DLB soared 19.50% to $44.95 in the opening session.
Intuitive Surgical, Inc.(NASDAQ:ISRG) was down 2.12% to $566. Recently, the company topped Wall Street's first-quarter forecast, prompting a handful of analysts to raise their price targets on the stock. Intuitive Surgical also raised its 2012 view for revenue and proceedures using the Da Vinci. The 3-D technology system allows surgeons to operate while seated using robotic arms that probe a patient's body. Intuitive sold 140 Da Vinci's for the period ended March 31, mostly to U.S. hospitals. The machines cost between $1.1 million and $2.3 million.
Visa Inc(NYSE:V) is up 1.62% to $118.30. Yesterday, the company reported a 30% jumped in its first quarter driven by strong demand for credit card use in the United States and overseas. The results topped analysts’ views comfortable. The company reported net income of $1.29 billion, or $1.91 a share, up from a year ago profit of $811 million, or $1.23 a share. Excluding the adjustment for the tax liability, the company would have earned $1.60 a share, ahead of analysts’ forecast by 7 cents. Revenue during the quarter grew 15% year-over-year to $2.6 billion, again topping analysts’ estimates of $2.48 billion.
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