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LinkedIn's 'double-than-expected' Q4 profits send shares up 10 pct

Source : ANI
Last Updated: Fri, Feb 08, 2013 07:20 hrs

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)




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