Earnings Review: True Religion Crushed; LinkedIn Jumps 7%
A number of notable companies released their quarterly earnings results after the closing bell on Thursday and are active in the after hours session. Among the big movers are True Religion (NASDAQ: TRLG), LinkedIn (NYSE: LNKD), Lions Gate Entertainment (NYSE: LGF), Expedia (NASDAQ: EXPE), and Nuance Communications (NASDAQ: NUAN). Below, Benzinga details these companies quarterly earnings reports and how they are performing in the after hours.
True Religion (TRLG) - The apparel company reported Q4 adjusted earnings per share of $0.62 versus consensus estimates of $0.71. Revenues came in at $119.4 million compared to Street consensus estimates of $127.98 million. Looking ahead, TRLG sees fiscal 2012 EPS in a range between $1.88-$1.95, versus Street consensus of $2.37. Revenues are expected between $450 and $460 million compared to current Street estimates of $493.80 million for 2012. Basically, it was a disaster. TRLG shares are trading down 22% to $28.75 in the after hours.
LinkedIn (LNKD) - The company reported adjusted earnings per share of $0.12 compared to $0.05 in the year ago quarter. This exceeded Wall Street analysts' consensus estimates of $0.07. Revenues came in at $167.7 million versus $81.7 million in the year ago period. This also beat Street estimates of $159.7 million. For fiscal 2012, LNKD guided revenues in a range between $840 million to $860 million versus current consensus estimates of $828.2 million. In the after hours, LNKD is up 7% to $81.70.
Lions Gate Entertainment (LGF) - The company reported a net loss of $1.7 million or $0.01 per share, versus a loss of $6 million or $0.04 per share, in the year ago period. This badly missed analysts' consensus EPS estimates which called for LGF to report a $0.09 per share profit. Revenues for the quarter were down to $323.0 million compared to $422.9 million in last year's corresponding quarter. This also missed Street consensus estimates of $358.78 million. In Thursday's after hours session, LGF has fallen 1.91% to $10.80.
Expedia (EXPE) - The online travel company reported adjusted net income for the fourth quarter of $80.6 million or $0.58 per share, compared to $83.3 million or $0.58 per share, in the year ago period. This came in ahead of analysts' consensus EPS estimates of $0.54. Revenues for the quarter were $787.1 million compared to $737.6 million last year. This missed Street consensus revenue estimates of $811.43 million. In the after hours, EXPE shares have lost 5.30% to $32.35 on account of the company's revenue miss.
Nuance Communications (NUAN) - Nuance reported fiscal Q1 adjusted net income of $108.5 million or $0.34, versus $86.1 million or $0.28 per share, in last year's corresponding quarter. This missed Wall Street analysts' consensus EPS estimates of $0.36. Non-GAAP revenues for the quarter were $382.0 million, which compares to Street estimates of $391.55 million. In the after hours, NUAN shares have lost 4.86% to $32.50.
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