LinkedIn Stock Rally Continues Even With Lagging Forecast
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A weaker-than-projected sales forecast failed to derail LinkedIn Corp.’s two-year share rally.
LinkedIn, which has more than quadrupled since its 2011 initial public offering, climbed as much as 10 percent today following yesterday’s second-quarter earnings report. The biggest online professional-networking service issued a revenue prediction for the current period of $367 million to $373 million, trailing analysts’ average estimate for $383.3 million.