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Technology Stocks : LinkedIn Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (130)	5/2/2012 12:27:27 PM
From: Glenn Petersen	Respond to of 272

A preview: Update: LinkedIn: Q1 Profit Seen Up 50%, Revenue 90% By BRIAN DEAGON INVESTOR'S BUSINESS DAILY Posted 12:10 PM ET LinkedIn ( LNKD) should report strong first-quarter profit and sales growth late Thursday, flexing social networking strength as Facebook's ( FB) IPO looms later this month. The largest social networking site for professionals should post earnings of 9 cents a share, up 50% from a year ago, according to consensus estimates of analysts polled by Thomson Reuters. Revenue should climb 90% to $178.6 million. Both, though, would be slowdowns from triple-digit gains in the prior quarter. LinkedIn was the first U.S.-based social networking firm to come public, almost one year ago, opening at $45 a share and finishing the day up 109%. It led the way for other Internet new issues, such as Yelp ( YELP), TripAdvisor ( TRIP) and Splunk ( SPLK). The biggest of them all, Facebook, is expected to debut later in May. (TripAdvisor, spun off from Expedia ( EXPE) in December, reported better-than-expected earnings and revenue late Tuesday. Yelp is expected to post a Q1 loss late Wednesday.) When LinkedIn reported fourth-quarter results three months ago it beat views by a wide margin and raised forecasts, causing its stock to rise 26% the following day. Update: LinkedIn fell 1.5% intraday Wednesday along with other staffing/recruitment stocks following the weaker-than-expected ADP employment report. The company was founded in 2003 and has more than 150 million members worldwide. The site is free to users though premium members pay extra for additional tools to leverage the network's assets. Premium subscribers include recruiters that want to reach potential job candidates and advertisers. At year's end, more than 9,200 corporate customers paid for LinkedIn's premium service, up from 3,900 a year earlier, as IBD reported. news.investors.com