SanDisk, Activision, LinkedIn and Yelp Top on Mobile Growth

        SanDisk(SNDK) rose 6% during market hours on news that the company is paying a dividend of $0.225 per share. In addition, the company plans on buying back $2.5 billion worth of shares, which represents more than a tenth of the company's market cap. With approximately $2.59 billion in cash, this move wouldn't require the company to take on much debt if its future growth rate continues at its current pace.

        LinkedIn(LNKD) reported its 2nd quarter earnings after the market closed, sending shares up nearly 8%. The company announced it gained 20 million more users in the last three months, which represents a growth rate last seen by the company over 2 years ago. Revenue for the company grew to a staggering $364 million, topping analyst expectations by $10 million.

       Activision Blizzard(ATVI) reported that its second quarter revenue came in at $608 million, easily topping the Wall Street consensus of $605 million. The company's self-projected guidance for the next few quarters came in slightly below analyst expectations. Its stock dropped 1.7% in after hours trading.

         Yelp(YELP) shares rose over 20% due to a strong earnings report an better guidance than expectations. Its sales grew 68%, while mobile searches rose by 59%. Two analysts upgraded the stock on this news, sending shares even higher. YELP is currently up 122% this year and has spiked multiple time within its steady growth rate.

Disclaimer: Trading stocks has extremely high risks, and should not be taken to lightly without a thorough understanding. This is written from a purely commentary point of view and is not meant to suggest buying, selling, or holding a stock. All traders must do their own research prior to investing. We (StockQuests) are unaffiliated with all of the companies that are mentioned on this blog, and can't be held responsible for any losses that may occur. Invest at your own risk.