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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • LinkedIn Posts Net Loss With 46% Jump In Revenue 0 comments
    May 2, 2014 9:43 AM | about stocks: LNKD

    Originally published at www.seclive.com

    Filing in Focus: LinkedIn 10-Q, May 1, 2014

    LinkedIn Corporation (NYSE:LNKD) announced its first quarter financial results for the fiscal year 2013, posting a net loss with a 46% jump in revenue. The largest professional social network in the world, LinkedIn saw a 46% jump in revenue to $473.2M, beating analyst predictions of $466.6M. The company sustained a net loss of $13.4M and $0.11 per share, a swing from a profit of $22.6M and $0.20 per share in the year-ago quarter. On an adjusted basis, LinkedIn would have made $0.38 per share, exceeding analyst predictions of $0.34 per share. Due to the company's work to expand its presence in China and its Bright acquisition, overall costs and expenses increased 57%. The company increased its annual guidance range from the previously stated $2.02B to $2.05B range to between $2.06B and $2.08B.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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