News Column

LinkedIn soars as revenue grows

August 1, 2014

? Shares in professional social network LinkedIn soared as much as 10 per cent during after-hours trading last night after it beat expectations on revenues, profits and revenue forecasts for next quarter. Revenue during the past three months grew 47 per cent to $533.9m (£316.2m), against expectations of $510.9m, with profits reaching $0.51 per share, beating an expected $0.39. Shares closed yesterday at $180.6 per share, but rose as high as $197.5 following the results announcement.

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Source: City A.M. (UK)

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