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LinkedIn’s outlook misses Wall Street estimates

07
Feb
2014

LinkedIn Corp delivered revenue forecasts that fell short of Wall Streets expectations, deflating hopes that the high-flying professional social network can sustain its growth streak and sending its stock 8 percent lower. LinkedIn has beaten top-line targets every quarter since the company went public in 2011. LinkedIns membership climbed 7 percent to 277 million worldwide, from 259 million at the end of the third quarter. LinkedIn posted a 20 percent rise in non-GAAP net income to $48.2 million in 2013s fourth quarter, on better-than-expected revenue of $447.2 million.

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