Professional social network LinkedIn (NYSE:LNKD) announced that profit increased by 66% to $11.5 million, or 10 cents per share, up from $6.9 million, or 6 cents per share, during the same period a year earlier. Revenue increased to $303.6 million from $167.7 million. The company forecast that sales during the first quarter should be between $305 million and $310 million.
Shares are higher in early trading.
AOL (AOL) announced that quarterly profit increased to $35.7 million, or 41 cents per share, up from $22.8 million, or 23 cents per share during the same period last year. The increase was attributed to a 13 percent increase in advertising revenue to $410.6 million, while dial up service revenue fell by 10 percent to $174.2 million. Total revenue was higher by four percent to $599.5 million.
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