LinkedIn (LNKD) Gains on Q1 Earnings Forecast

LinkedIn Corp

shares rose 3% to $126.69, as the company reported better-than-expected results for the first quarter and issued a strong earnings forecast for the current quarter. The company posted quarterly EPS of $0.74 and revenue of $861 million, both beating the Street's consensus, by $0.14 and $32.53 million, respectively. Share volume was 493,000 compared to an all-day average of 469,000