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
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.