LinkedIn Should Continue Earnings Beat Streak in Q3: Wedbush - Video - TheStreet

LinkedIn Should Continue Earnings Beat Streak in Q3: Wedbush

Wedbush Securities analyst Shyam Patil says the professional networking site usually issues a conservative outlook but he is expecting a good quarter for LinkedIn.
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LinkedIn is slated to report third quarter results after the closing bell and Wedbush Securities analyst Shyam Patil says the professional networking site usually issues a conservative outlook but he is expecting a good quarter across the board. Patil says LinkedIn has a very unique play in B2B advertising and the company's sponsored updates are continuing to gain momentum. But, Patil cautions that LinkedIn is working through some targeting and usage issues which he thinks will be worked out by the middle of 2015. Patil says LinkedIn is a great company and that it's well positioned in the marketplace and his neutral rating on the stock is a reflection of the near term catalysts. TheStreet's Ruben Ramirez reports from New York.