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LinkedIn Corp. (LNKD) Has Broken Out To A New High After Q1 Report

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5/4/2012 9:32 AM ET

LinkedIn Corp. (LNKD: Quote) announced after the close Thursday that it agreed to acquire SlideShare in a transaction valued at approximately $118.75 million. The acquisition is expected to close during the second quarter of 2012.

LinkedIn also reported first quarter non-GAAP EPS of $0.15, up from $0.06 in the previous year. The consensus estimate was for EPS of $0.09.

LinkedIn has gapped open sharply higher Friday morning and is now up 9.21 at $118.62. The stock has risen past resistance and has set a new high.

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by RTT Staff Writer

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