LinkedIn’s Q4 profits pushes shares up 10%
Quotes

LinkedIn’s Q4 profits pushes shares up 10%

Last Updated: Friday, February 08, 2013, 19:22
 
 Comment 0
 
LinkedIn’s Q4 profits pushes shares up 10%
London: Business-oriented social network LinkedIn has beaten Wall Street expectations for its fourth-quarter financial results.

Profits for the fourth quarter were 40.2 million dollars, twice the amount expected by watchers of the company.

Shares of LinkedIn rose ten percent in extended trade on Thursday, the BBC reports.

According to the report, the rise came as increasing numbers of job seekers and recruiters signed up to get connected taking the numbers registered to over 200 million.

Turnover was also higher than expected, rising 81 percent to 304 million dollars from the same period a year ago.

The site's international markets performed strongly, more than doubling in the past year to bring sales of 114.6 million dollars, the report said.

ANI



First Published: Friday, February 08, 2013, 19:22


Comments


comments powered by Disqus
BMW-X3
BMW-X3
Forbes Best Places for Biz 2014
Forbes Best Places for Biz 2014
Hyundai Elite i20
Hyundai Elite i20
Honda Mobilio MPV
Honda Mobilio MPV
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved