LinkedIn Profit Jumps 30 Percent as Revenue More Than Doubles
LinkedIn Corp.’s profit jumped 30 percent and its revenue more than doubled in its latest quarter, providing a lift to the young social-networking industry ahead of Facebook Inc.’s public offering later this year.
The professional social-networking service said its fourth-quarter net income rose to $6.9 million from $5.3 million a year ago, while revenue hit $167.7 million from $81.7 million a year earlier. Analysts had expected LinkedIn to report adjusted earnings of seven cents a share, and $160 million in revenue, according to Thomson Reuters data.
