LinkedIn, the social network site for professionals, surprised the market on Thursday, reporting fourth-quarter sales that more than doubled its year-ago performance. Company executives forecast an even better 2012. Shares of LinkedIn rose more than 10 percent on the news. Revenue for the quarter ending Dec. 31 hit $167.7 million, up from $81.7 million in Q4 2010. Net income was $6.9 million compared with $5.3 million year over year. Membership numbers also came up positive, rising above 150 million from 131.2 million in the third quarter.
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LinkedIn Delivers Sparkling Earnings Report, Bright Forecast
Posted by: Rob Spiegel February 10, 2012 02:48 PMLinkedIn, the social network site for professionals, surprised the market on Thursday, reporting fourth-quarter sales that more than doubled its year-ago performance. Company executives forecast an even better 2012. Shares of LinkedIn rose more than 10 percent on the news. Revenue for the quarter ending Dec. 31 hit $167.7 million, up from $81.7 million in Q4 2010. Net income was $6.9 million compared with $5.3 million year over year. Membership numbers also came up positive, rising above 150 million from 131.2 million in the third quarter.