LinkedIn posts solid 4Q numbers

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IOL pic feb7 Earns LinkedIn Associated Press The LinkedIn logo is displayed in the foyer of the organisation's headquarters in Mountain View, California. File picture: Paul Sakuma

San Francisco -

LinkedIn finished last year with a solid financial performance, but the online professional networking service spooked investors with a forecast indicating that its growth is starting to slow down.

The projection released on Thursday along with LinkedIn’s fourth-quarter results triggered a 10-percent drop in the company's stock price in extended trading.

The sell-off came a day after Twitter, another Internet service that connects people with common interests, let down Wall Street with a slowdown in its user growth.

LinkedIn's fourth-quarter earnings and revenue topped analyst estimates.

The Mountain View, California, company earned $3.8 million, or 3 cents per share. That was down 67 percent from $11.5 million, or 10 cents per share, a year earlier.

Revenue climbed 47 percent from the previous year to $447 million. - Sapa-AP


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