LinkedIn and Twitter reported fourth-quarter profit and revenue that topped estimates, sending the social media giants’ stocks sharply higher late Thursday despite weak guidance. LinkedIn (LNKD) earnings rose 56% to 61 cents a share excluding items. That beat the consensus of analysts polled by Thomson Reuters by 8 cents. Revenue climbed 44% to $643.4 million, well above views for $616.8 million. The company remains the dominant
Social networking sites LinkedIn (LNKD) and Twitter (TWTR) report their quarterly earnings after the close on Thursday. Last week, industry leader Facebook (FB) reported earnings that surpassed expectations on continued growth in mobile advertising and users. Will its two up-and-coming rivals follow suit? Watch this video to get the latest analyst estimates for LinkedIn and Twitter, as well as chart analysis. Follow Alissa Williams on Twitter:
LinkedIn (LNKD) received two price target hikes Tuesday, ahead of its fourth-quarter earnings due after the market close Thursday. Goldman Sachs raised its target price on LinkedIn stock to 280 from 250. It also upgraded its rating on LinkedIn stock to “conviction buy” from buy. Goldman Sachs analyst Heath Terry expects LinkedIn to report Q4 revenue of $634 million, which is above the consensus estimate of $617 million as polled by Thomson