MONEYWATCH
LinkedIn to buy SlideShare as profit more than doubles
May 03, 2012
May 03, 2012
 |
AP (CBS/AP) MOUNTAIN VIEW, Calif. — LinkedIn Corp. (LNKD) said Thursday that its first-quarter profit more than doubled, and the business networking company is buying presentation sharing website SlideShare for $118.8 million.
Shares jumped 8 percent in extended trading.
Net income in the three months to March 31 was $5 million, or 4 cents per share, from $2.1 million, or break-even per share, a year ago.
Excluding stock-based compensation expenses and other items, profit was 15 cents per share, beating the 9 cents expected by analysts polled by FactSet.
LinkedIn finishes 2011 in the black
LinkedIn co-founder: Social web still
Shares jumped 8 percent in extended trading.
Net income in the three months to March 31 was $5 million, or 4 cents per share, from $2.1 million, or break-even per share, a year ago.
Excluding stock-based compensation expenses and other items, profit was 15 cents per share, beating the 9 cents expected by analysts polled by FactSet.
LinkedIn finishes 2011 in the black
LinkedIn co-founder: Social web still
 |  |
 |  |
| |
Twitter
Delicious
Digg
Visit other CBS Interactive sites:
© MMXII CBS Interactive Inc. All rights reserved.
