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LinkedIn shares set to gain on revenue beat, outlook raise
Aug 3rd, 2012
(Reuters) - LinkedIn Corp shares were set to open around 9 percent higher on Friday, after the professional networking site reported higher-than-expected quarterly revenue and raised its full-year outlook. LinkedIn's second-quarter revenue rose 89 percent to $228.2 million, beating analysts' average forecast of $216.3 million, according to Thomson Reuters I/B/E/S. "LinkedIn is benefiting from secular growth, a very nicely diversified business model, and market share gains," Citi Research analyst Mark Mahaney wrote in a research note to clients. ... (Source: Reuters) -
SAN FRANCISCO (Reuters) - LinkedIn Corp said its revenue rose 72 percent to $324.7 million in the first quarter from $188.5 million in the year-ago period. Earnings surged to $22.6 million, or 20 cents a share, from $5 million, or 4 cents a share, over the same period. Excluding certain items, LinkedIn said it earned 45 cents a share in the first q... [Full Article]
MUMBAI (Reuters) - Shares in Tech Mahindra Ltd rose as much as 6.8 percent on Wednesday after its January-March quarter net profit rose 24 percent, beating estimates. Tech Mahindra said its March-quarter consolidated net profit rose 24.4 percent to 3.77 billion rupees. The results came out after the close of markets on Tuesday. (Reporting by Abhish... [Full Article]
NEW YORK (AP) - Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday. (Source: Associated Press)... [Full Article]
(Reuters) - Rupert Murdoch's News Corp reported higher earnings and revenue for its fiscal third quarter, aided by the purchase of a controlling stake in German pay TV operator Sky Deutschland and growth at cable networks. Revenue rose 14 percent from a year earlier to $9.5 billion in the quarter, ended March 31, the company reported on Wednes... [Full Article]
Reuters Market Eye - Coal India Ltd may beat Jan-March earnings consensus forecast when it reports results on Monday, according to Thomson Reuters StarMine data. StarMine's SmartEstimates, which place greater emphasis on forecasts by top-rated analysts, expects Coal India to report a profit of 52.91 billion rupees for the quarter compared with... [Full Article]
MUMBAI (Reuters) - Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chances of a ratings downgrade over the next 12 months, a statement said on Friday. S&P said the government's ability to prop up investment gr... [Full Article]
BAGHDAD (AP) - Iraqi officials say a car bomb in another Shiite neighborhood in Baghdad has killed 13 people. (Source: Associated Press)... [Full Article]
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