News Summary: LinkedIn's 4Q impresses Wall Street

Published on NewsOK Modified: February 7, 2013 at 5:58 pm •  Published: February 7, 2013

TAKING CARE OF BUSINESS: Online professional networking service LinkedIn delivered its seventh consecutive earnings report to exceed analyst forecasts. The company has pulled out that feat in each quarter since its initial public offering of stock in May 2011.

IMPRESSIVE CREDENTIALS: The results announced Thursday included a 66 percent earnings increase from the previous year. Revenue soared 81 percent while 15 million more profiles were set up on LinkedIn's website. The service ended December with 202 million members.

EUPHORIC INVESTORS: LinkedIn's stock surged in extended trading to surpass $135 for the first time. The shares have now tripled from their IPO price of $45.


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