LinkedIn shares soar after stellar results
(Reuters) – Shares of LinkedIn Corp climbed nearly 21 percent in midday trading on Friday on results that beat analysts' estimates for the seventh quarter in a row. The social networking website for professionals reported on Thursday an 81 percent increase in fourth-quarter revenue and raised its forecast for the current first quarter. Several research firms raised their price targets for the company. “If execution continues, we struggle to see how margin expansion can't approach (and possibly exceed) 2012 levels,” wrote Macquarie analyst Tom White in a note to investors. …
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