NEW YORK -- LinkedIn (LNKD), the social network geared for professionals, beat Wall Street's earnings expectations.
LinkedIn reported fourth-quarter earnings Thursday of 35 cents a share on revenue of $303.6 million, up 81% from a year earlier.
Analysts were looking for profit of 19 cents a share on sales of $279.52 million.
Revenue growth was aided by Talent Solutions revenue, which totaled $161 million, up 90% year over year. Talent Solutions revenue made up 53% of this quarter's sales.LinkedIn issued first-quarter guidance above Wall Street estimates. It expects revenue of between $305 million and $310 million. Analysts forecast revenue of $301.3 million. For the full year, LinkedIn said it expects sales between $1.41 billion and $1.44 billion. Wall Street analysts expect $1.439 billion. LinkedIn Soars on Huge Beat
Coinstar (CSTR), which owns the owns the Redbox DVD kiosks, said fourth-quarter profit declined 27% due to poor performance at its new ventures. Coinstar also forecast disappointing earnings on Thursday, saying it expects earn 77 cents to 92 cents a share from continuing operations in the first quarter on revenue of $568 million to $593 million. Analysts forecast earnings of $1.22 a share on revenue of $628.8 million.
AOL (AOL) is expected by Wall Street Friday to report fourth-quarter earnings of 41 cents a share on revenue of $573.7 million. 5 Big Tech Stocks to Trade (or Not)
Activision Blizzard (ATVI), the maker of video game "Call of Duty," posted fourth-quarter earnings that topped analysts' estimates as revenue jumped 26% to $1.77 billion. Activision said Thursday it expects first-quarter adjusted earnings of 10 cents a share on revenue of $690 million. Analysts expect earnings of 9 cents a share on revenue of $693.5 million.
Earnings expected Friday include Carlisle (CSL), CBOE Holdings (CBOE), Moody's (MCO) and Laboratory Corporation of America (LH). 4 Stocks Under $10 Making Big Moves
-- Written by Joseph Woelfel
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