Cobalt rockets on monster oil well


Over 20,000 Barrels a Day Possible

Cobalt International Energy said this morning that a new oil well off the coast of Angola is already an "extraordinary success,' exceeding expectations in early testing. The drilling company said data indicates that the deep-sea well could produce more than 20,000 barrels of oil a day. The name saw bullish option activity earlier this week. CIE is up more than 33 percent on tradeMONSTER's extended-hours platform.

LinkedIn Beats on Top, Bottom Lines

The business social network last night reported adjusted earnings of $0.12 per share on revenue of $167.7 million for the fourth quarter, beating the consensus forecast of $0.07 EPS on $160 million in revenue. Management also projected revenue of $170 milllion to $175 million in revenue for the current quarter, compared with analysts' average estimate of $171 million. LNKD is up more than 8.5 percent in the pre-market.

Nuance Drops After Missing Forecasts

The software company posted adjusted earnings of $0.34 per share on revenue of $382 million for its fiscal first quarter, below estimates of $0.36 EPS on $392 million in revenue. Shares of Nuance, which provides technology used in the iPhone's Siri voice-recognition system, had been running higher since Apple's blowout earnings last month and attracted bullish call buying . NUAN is down more than 10.5 percent this morning.

True Religion Loses Its Way on Quarter

The designer-jean company said after yesterday's close that adjusted fourth-quarter earnings came in a $0.62 per share on $119.4 million in revenue, well below the estimated $0.71 EPS on $128 million. Management also projected earnings of $1.88 to $1.95 per share on revenue of $450 million to $460 million for all of 2012, missing the consensus forecast of $2.37 EPS on $494 in revenue. TRLG is down nearly 25 percent in the pre.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.

This article appears in: Investing , Options

Referenced Stocks: CIE , LNKD , NUAN , TRLG



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