LinkedIn posts 3rd-quarter loss but revenue, adjusted earnings beat expectations + MORE Oct 29th

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ROCHESTER, N.Y. – Eastman Kodak Co. says it will list its common shares on the New York Stock Exchange and begin trading Friday as the company’s recovery continues.
The Rochester, N.Y., photography and film pioneer filed for Chapter 11 bankruptcy protection in 2012 after failing to cope with economic, industry and competitive challenges. It has since shed its debt, sold off assets and is trying to make a comeback as a smaller company focused on commercial and packaging printing.
Eastman Kodak’s stock was cancelled in September as it emerged from bankruptcy. The company issued new shares that have been trading over the counter. Its stock will move to the New York Stock Exchange and trade under the symbol “KODK”.
The post Eastman Kodak to list shares on NYSE beginning Friday as its comeback continues appeared first on Canadian Business.

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NEW YORK, N.Y. – LinkedIn Corp. posted a loss for the third quarter on…

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NEW YORK, N.Y. – LinkedIn Corp. posted a loss for the third quarter on Tuesday, but the results were stronger than expected as the professional networking service boosted its user base and increased its revenue.
Such results have become routine for the company. LinkedIn has surpassed Wall Street’s expectations in all of its quarters as a publicly traded company and this one was no exception. But its outlook was below estimates and its shares fell in extended trading.
LinkedIn booked a loss of $3.4 million, or 3 cents per share, in the July-September period. It had earned $2.3 million, or 2 cents per share, in the same period a year earlier. Adjusted earnings were 39 cents per share in the latest quarter, beating analysts’ expectations by 7 cents.
Revenue rose 56 per cent, to $393 million from $252 million. Analysts predicted $384.8 million, according to FactSet.
For the current quarter, LinkedIn forecast revenue $415 million and $420 million, which is below Wall Street’s expectations of $438…

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