Reuters: Technology News: LinkedIn beats expectations, raises full-year revenue view

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LinkedIn beats expectations, raises full-year revenue view Nov 1st 2012, 21:16 Thu Nov 1, 2012 4:44pm EDT (Reuters) - Professional social network LinkedIn Corp beat Wall Street's third-quarter profit and revenue targets on Thursday and raised its full-year revenue forecast. Shares of LinkedIn were up 6 percent at $113.28 in after-hours trading. LinkedIn said it posted net income of $2.3 million, or 2 cents a share, during the three months ended September 30, compared with a net loss of $1.6 million, or 2 cents a share, in the year-ago period. Excluding certain items LinkedIn said it earned 22 cents a share in the third quarter, above the 11 cents expected by analysts polled by Thomson Reuters I/B/E/S. Revenue in the third quarter was $252 million, up 81 percent year-over-year and ahead of the average analyst expectation of $244.2 million. LinkedIn said it now expects total revenue for 2012 to range between $939 million and $944 million, compared with its prior range of $915 million to $925 million.

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