Social media giants just can't seem to catch a break on Wall Street this week.
Despite crushing analyst expectations for revenue and earnings, LinkedIn's accompanying surge in stock price proved fleeting on Thursday, and shares stuttered to a stop at a net dip of 2% as of market closing time that evening.
The networking site reported a revenue of $712 million and earnings of 55 cents per share, handily topping analyst expectations of $680.3 million and 33 cents per share. That's a 33% jump from the same quarter last year, and a turnaround from a disappointing first quarter this year.
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Source: Mashable http://ift.tt/1KC9wmj
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