Twitter and LinkedIn shares jump nearly 15% each as Yelp, Pandora, GoPro plunge

SAN FRANCISCO (MarketWatch) — These are the stocks making notable moves in the market on Friday:

Gainers

Twitter Inc. TWTR, +15.55%  late Thursday reported quarterly profit and revenue that topped forecasts, along with a 20% rise in average monthly users. The social-media company scored price-target increases from Wedbush and Cantor Fitzgerald.

LinkedIn Corp. LNKD, +14.07%  reported better-than-expected fourth-quarter earnings, along with strong revenue gains. A range of analysts hiked their price targets for the career-focused social network.

Harris Corp. HRS, +7.48%  plans to buy Exelis Inc. XLS, +34.95% in a cash-and-stock deal valued at about $ 4.4 billion.

Moody’s Corp. MCO, +5.18% early Friday posted fourth-quarter profit and revenue that exceeded Wall Street’s estimates.

Charles Schwab Corp. SCHW, +5.48%  shares gained for a second session in a row, poised for a weekly gain of 12%. The online brokerage last month reported growth in both quarterly earnings and revenue.

Decliners

GoPro Inc. GPRO, -11.04%  fell after the maker of wearable cameras forecast first-quarter earnings of 15 cents to 17 cents a share on revenue of $ 330 million to $ 340 million. Analysts were looking for 17 cents a share on revenue of $ 325.2 million. GoPro also said in a regulatory filing that Chief Operating Officer Nina Richardson was resigning effective Feb. 27. GoPro’s fourth-quarter results topped analyst expectations.

Expedia Inc. EXPE, -11.09%  late Thursday posted a surprise decline in fourth-quarter profit. Competitor Priceline Group Inc. PCLN, -2.64%  is also among the biggest S&P 500 losers.

Yelp Inc. YELP, -20.62%  Thursday posted adjusted quarterly profit that matched expectations. A number of analysts cut their price targets or ratings for the company. Northland Capital analysts cited a “combination of continued-decelerating unique-user growth and somewhat-unexpected increased marketing spend for brand awareness.”

Pandora Media Inc. P, -18.09%  reported quarterly revenue that missed expectations and its outlook for the first quarter and 2015 also fell short of Wall Street’s forecasts.

Tickers to Watch

EBay Inc. EBAY, +0.82%  on Friday revised its 2014 results to a profit of $ 46 million, or 4 cents a share, from a previously announced loss of $ 41 million, or three cents a share. It cited a lower income tax expense for the revision.

Madison Square Garden MSG, +2.70%  early Friday reported fiscal second-quarter profit and revenue that topped forecasts.


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