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LinkedIn Shares Plunge on Weak Q4 Revenue Outlook

The online professional networking company, LinkedIn Corp. (NYSE: LNKD) comfortably beat fiscal third quarter results; however, shares have been under pressure due to a weak outlook for the current quarter. LinkedIn, after the market close on Tuesday said that it earned 39 cents a share on revenue of $393 million, beating analysts’ consensus forecast for earnings of 32 cents a share on revenue of $385 million. For the current, the Company expects revenue to be in the range of $415 million to $420 million while analysts had expected $438 million.

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