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Linkedin Slashes Full-Year Profit Forecast


Ron Burgundy
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The logo for LinkedIn Corporation, a social networking networking website for people in professional occupations, is shown in Mountain ViewLinkedIn Corp slashed its full-year profit forecast, citing slower revenue growth at its hiring business and a delay in recognizing the contribution of lynda.com, the online education company it has agreed to buy. Shares of LinkedIn fell as much as 27 percent after the bell on Thursday. The company expects revenue contribution from Lynda to be delayed as it works its way to complete the integration. Chief Financial Officer Steve Sordello said he expected revenue contribution from the acquisition to "normalize" in the second half of 2016.




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