$LNKD Beats and Raises Guidance

“Following the earnings release, the company’s shares [LNKD  106.85    -0.08  (-0.07%)   ] rose more than 7 percent in trading after the closing bell. (Click here to get the latest quotes for LinkedIn.)

LinkedIn said it posted net income of $2.3 million, or 2 cents a share, during the three months ended Sept. 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.

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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