LinkedIn posts third-quarter loss of US$1.6 mil. but beats expectations


AP

SAN FRANCISCO — LinkedIn suffered its first quarterly loss since its initial public offering roused Wall Street a few months ago. The setback, announced Thursday, wasn’t as severe as analysts anticipated. The online professional networking service invested in an expansion aimed at changing the way people find jobs and advance their careers. LinkedIn Corp. absorbed a loss of US$1.6 million, or 2 U.S. cents per share, in the July-September as it invested more money to expand. That contrasted with earnings of US$4 million, or 2 U.S. cents per share, at the same time last year.