Financial Crisis in Rearview Mirror
American International Group earned $1.12 a share in the second quarter, beating the $0.86 consensus forecast. Even more important was management's decision to buy back $1 billion of stock and pay a $0.10 quarterly dividend. That marks the first return of capital since the 2008 financial crisis, sending AIG up 5 percent before the opening bell on my tradeMONSTER platform.
Bulls Log On to LinkedIn
LinkedIn earned $0.38 a share in the second quarter on revenue of $363.7 million. Analysts had only expected $0.31 and $354 million, respectively. Full-year guidance was also increased. LNKD gains 10 percent in the early trading.
MercadoLibre Beats the Street
Latin American e-commerce stock MercadoLibre earned $0.67 a share in its second quarter, better than the $0.62 forecast by the Street. Revenue of $112 million also beat the $107.6 million analyst number. MELI surges 10 percent in the premarket!
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