LinkedIn beats Street, outstrips social media rivals

The logo for LinkedIn Corporation, a social networking networking website for people in professional occupations, is shown in Mountain ViewSAN FRANCISCO (Reuters) – LinkedIn Corp extended its hot streak on Thursday, announcing both blow-out quarterly profits and a bullish forecast for the new year that exceeded Wall Street's already lofty expectations. The results reaffirmed the “professional” social network's reputation as a fast-growing but sure-footed business — and the star exception in a mostly disappointing social media sector. Excluding certain items, net income was $40.2 million, or 35 cents a share, well above the 19 cents expected by analysts polled by Thomson Reuters I/B/E/S. …

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LinkedIn beats Street, outstrips social media rivals

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