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Company News for May 02, 2016

•    LinkedIn Corporation’s (LNKD) shares increased 1.9% after announcing first quarter revenues of $860.7 million, beating the Zacks Consensus Estimate of $828 million

•    Shares of Western Digital Corporation (WDC) slumped 11.3% after declaring fiscal third quarter adjusted earnings of $1.21 per share, lower than the Zacks Consensus Estimate of $1.25

•    TiVo Inc’s (TIVO) shares jumped 539% after the company agreed to be acquired by Rovi Corporation (ROVI) for  $10.70 per share  or $1.1 billion in cash and stock

•    Shares of Newell Brands Inc. (NWL) advanced 4.9% after posting first quarter adjusted earnings of $0.40 per share, outpacing the Zacks Consensus Estimate by 4 cents

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