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Just six months ago, LinkedIn impressed Wall Street with a blockbuster IPO. But its third quarter earnings, just the second earnings report since its public debut, failed to keep up investor confidence.
Although the company reported increases across all of its revenue streams and healthy membership growth, shares in LinkedIn dropped 9 percent in after-hours trading to $79.60.
For the third quarter, the company said revenue increased, year over year, to $139.5 million, above analysts’ estimated $127.35