Posts Tagged ‘Results’
May 6th, 2012 | 
Author: (Reuters) – Shares of LinkedIn Corp rose 10 percent in premarket trade after the company posted strong first-quarter results, and analysts forecast bigger profits ahead as the professional networking site engages its members better. Six brokerages raised their price target on LinkedIn after it posted stellar first-quarter results on Thursday, powered by strong growth from its services that help companies find and hire employees. …
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(Reuters) – Shares of LinkedIn Corp rose 10 percent on Friday, after the professional networking company raised its full-year outlook helped by strong demand for its services that help corporations find and hire employees. The strong results underline the success of social and professional networking sites, as investors watch closely to see if the model is sustainable before Facebook goes public in one of the most eagerly awaited initial public offerings ever. …
(Reuters) – IBM raised its full year outlook after it posted a 15 percent rise in first quarter earnings on strong demand for its software services and growth in emerging markets. The company said on Tuesday that revenue was flat at $ 24.7 billion compared with the previous year and net earnings were up 7 percent at $ 3.1 billion in the first three months of the year. International Business Machines, which has been shifting its focus from hardware to higher-margin services and software over the past decade, said that earnings per share, excluding items, was $ 2. …
MUMBAI (Reuters) – The rupee slumped to a six-week low on Tuesday, tracking local equities, as a massive setback to the Congress party in crucial state elections raised concerns over its ability to revive a stalled reform process. The Congress party, which heads the coalition in New Delhi, was trailing in fourth place as vote counting neared its end in the politically important Uttar Pradesh. …
MUMBAI (Reuters) – The BSE Sensex fell 1.1 percent on Tuesday to its lowest close in more than five weeks after a setback to the Congress party in state elections sparked worries the results would make it harder for the government to revive economic reforms. The Congress party, which heads the coalition in New Delhi, was trailing in fourth place as vote counting neared its end in the politically important Uttar Pradesh. …
The only game that can be more exciting than cricket in India is the election. With voters in five states exercising their rights, everyone seems to be watching television, scanning headlines and tweeting opinions.
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