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LinkedIn: profits and turnover beyond expectations in the last quarter of 2011

Between October and December, the social network for professionals went far beyond analysts' forecasts, bringing home profits of 6,9 million dollars and a turnover of 167 million.

LinkedIn: profits and turnover beyond expectations in the last quarter of 2011

LinkedIn reported revenue and profit beyond analysts' expectations inlast quarter 2011. The social network dedicated to professionals collected between October and December earnings of $6,9 million, or 12 cents a share, on a turnover of 167 million dollars.

Both results were higher than expected: Analysts were expecting 7 cents a share of earnings on $160 million in business. For the current quarter, the company expects revenues of between $170 million and $175 million. After the Stock Exchange, the stock rose of 5%.

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