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LinkedIn rises on better-than-expected forecast
Published Fri, Apr 29, 2016 · 09:50 PM
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San Francisco
LINKEDIN Corp forecast earnings that beat estimates on improved performance from its main recruiting tools, suggesting a surprise slowdown earlier this year was not as dire as analysts feared.
The operator of the largest online professional network said second-quarter profit, excluding some items, will be from 74 cents to 77 cents a share. That beat the 71-cent average analyst estimate.
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