By Wallace Witkowski, MarketWatch
SAN FRANCISCO (MarketWatch) -- LinkedIn Corp. shares fell in the extended session Tuesday after the social network for professionals announced plans for a secondary offering of shares.
LinkedIn (LNKD) shares fell 2% to $241.20 in moderate volume after the firm said it was launching a of its Class A shares.
The company launched its initial public offering in May 2011, and had a secondary offering that November.
Guidewire Software Inc. (GWRE) shares rose 3.8% to $48.25 on moderate volume after the company reported fiscal fourth-quarter earnings of 19 cents a share, or adjusted earnings of 25 cents a share, on revenue of $96.9 million.
Analysts surveyed by FactSet expected 14 cents a share on revenue of $93.1 million.
Shares of Hain Celestial Group Inc. (HAIN) fell 2.7% to $79.69 after billionaire investor Carl Icahn sold about 3.7 million shares of the company to Jefferies LLC.
The move, however, should still leave Icahn as Hain's largest shareholder. Before the announcement, Icahn held 7.2 million shares of Hain, or a 15% stake, with the second-largest stakeholder being Jennison Associates, with 3.3 million shares, according to FactSet.
H&R Block Inc. (HRB) shares fell 2.4% to $27.20 on moderate volume after the tax preparation firm reported a fiscal first-quarter loss of 42 cents a share, or an adjusted loss of 40 cents a share, on revenue of $127 million.
Analysts expected 36 cents a share on revenue of $100 million.
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
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(END) Dow Jones Newswires
09-03-13 1809ETCopyright (c) 2013 Dow Jones & Company, Inc.
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