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Corporate Summary




•    LinkedIn Corporation Class A Co (NYSE:LNKD) said it had earned profits for the second quarter in its first earnings report after it became a publicly traded company. The company reported adjusted earnings per share of $0.10 on sales of $121 million for the second quarter, as against the Zacks Consensus Estimate of a loss of $0.04 per share

•    Priceline.com Incorporated (NASDAQ:PCLN) reported non-GAAP earnings of $282.6 million, or $5.49 per share, for the three months ended June 30, ahead of the Zacks Consensus Estimate of $4.58 per share

•    Procter & Gamble Co. (NYSE:PG) posted modest results for the fourth quarter of 2011. Net earnings from continuing operations were 84 cents a share, up 18.0% year-over-year, and two pennies above the Zacks Consensus Estimate of 82 cents

•    American International Group, Inc. (NYSE:AIG) reported second quarter operating earnings of $0.69 per share that lagged both the Zacks Consensus Estimate of $1.15 per share and $1.18 per share reported in the year-ago quarter

•    Oppenheimer initiated coverage on Applied Materials (NASDAQ:AMAT) with a “Perform: rating

•    FBR Capital downgraded Orion Marine Group, Inc (NYSE:ORN) to “Market Perform” from “Outperform” rating

•    UBS AG (NYSE:UBS) initiated coverage of KiOR, Inc. (NASDAQ:KIOR) with a “Buy” rating

•    Think Equity upgraded Echelon Corporation (NASDAQ:ELON) from “Hold” to a “Buy” rating



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