Social Media Newsfeed: LinkedIn's Stellar Q3 | Yelp Shrinks Losses | HootSuite Grows

LinkedIn Reports Stellar Q3 (SocialTimes) LinkedIn reported third-quarter revenue of $252 million, up 81 percent over the same quarter last year. Its audited profit was $2.3 million for the quarter, compared to a net loss of $1.6 million in Q3 2011. CNET The company's strongest growth came from what it calls "Talent Solutions," which are fees that LinkedIn charges for products that help headhunters and others find employees. Revenue from Talent Solutions, which LinkedIn used to call "Hiring Solutions," rose 95 percent from a year ago to $138.4 million and now makes up 55 percent of LinkedIn's total revenue, up from 51 percent last year. AllThingsD And the company’s outlook continues to look good. LinkedIn raised its yearly guidance to revenue of $939 million to $944 million, up from previous estimates of $915 million to $925 million.  Forbes LinkedIn particularly beat expectations on the bottom line. It was expected to post earnings of 11 cents per share on revenue of $243.9 million. On a GAAP basis, LinkedIn posted earnings per share of 2 cents, compared to estimates of a loss of 5 cents according to FactSet. Adjusted EBITDA was $56 million, compared to estimates of $48.1 million. LinkedIn shares were up $4.25 or 3.98% to $111.10 in late trading.

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LinkedIn Reports Stellar Q3 (SocialTimes)

LinkedIn reported third-quarter revenue of $252 million, up 81 percent over the same quarter last year. Its audited profit was $2.3 million for the quarter, compared to a net loss of $1.6 million in Q3 2011. CNET The company’s strongest growth came from what it calls “Talent Solutions,” which are fees that LinkedIn charges for products that help headhunters and others find employees. Revenue from Talent Solutions, which LinkedIn used to call “Hiring Solutions,” rose 95 percent from a year ago to $138.4

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