Radar Movers: LinkedIn Hits New All-Time High, Apple and Microsoft Climb Higher
Shares of LinkedIn (NYSE:LNKD) surged 21 percent on Friday and continue to edge higher in late afternoon hours. The company reported a blow fourth quarter. Net income surged 67 percent to $11.5 million (10 cents per share), compared to $6.9 million (6 cents per share) a year earlier. Excluding stock-based compensation expenses and other adjustments, earnings per share came in at 35 cents per share, easily beating analysts’ expectations of 19 cents per share. Facebook (NASDAQ:FB) shares also edged higher.