SAN FRANCISCO — The fourth-quarter report for online professional-networking service LinkedIn has added another line to its sterling resumé as a public company.
The results on Thursday extended LinkedIn Corp.’s uninterrupted streak of exceeding analysts’ projections for both earnings and revenue. It marked the seventh consecutive quarter since LinkedIn’s May 2011 IPO that the company has done that.
The run of pleasant surprise is one of the reasons that LinkedIn’s stock has nearly tripled from its initial public offering of $45.
LinkedIn said it earned $11.5 million, or 10 cents per share, during the final three months of last year. That marked a 66 per cent increase from $6.9 million, or 6 cents per share, a year earlier. Its revenue soared 81 per cent to $304 million.
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