Radar Movers: LinkedIn Surges After Q4 Results, Apple’s Cash Hoard in Question

Shares of LinkedIn (NYSE:LNKD) jumped more than 9 percent in late afternoon trading. The company announced it earned $11.5 million (10 cents per share) in the fourth quarter, compared to $6.9 million (6 cents per share) a year earlier. Revenue also surged 81 percent to $304 million. “2012 was a transformative year for LinkedIn,” said Jeff Weiner, chief executive officer. “We exited 2011 having successfully revamped our underlying development infrastructure. Based on that investment, we said that 2012 would be a year of accelerated product innovation, and it was.”