2/8/213 – LinkedIn (LNKD) stock price surged 21.27% today. Shares of the company were the 2nd highest gainer across the Nasdaq and NYSE, ending the day at a record price of $150.48.

LinkedIn stock rises. Is LNKD stock a buy
Chart Source: Yahoo! Finance

LinkedIn reported better than expected fourth quarter figures that blew past Wall Street estimates. Revenue for the fourth quarter was $303.6 million, an increase of 81% compared to $167.7 million in the fourth quarter of 2011. Stock analysts were expecting Q4 revenue of $279.5 million.

The firm ended the year with 202 million members, an increase of 39% from the previous year. 


"2012 was a transformative year for LinkedIn," said Jeff Weiner, CEO of LinkedIn. "We exited 2011 having successfully revamped our underlying development infrastructure. Based on that investment, we said that 2012 would be a year of accelerated product innovation, and it was”.

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