LinkedIn results exceed expectation
on 01/11/2012 21:02:53
Its shares rose 5% in after-hours trading.
LinkedIn said it earned US$2.3 million in the July-September period, compared with a loss of $1.9 million a year ago.
Adjusted earnings were 22 cents per share in the latest quarter, double what analysts expected.
Revenue grew 81% to $252 million from $139.5 million.
Analysts surveyed by FactSet had forecast revenue of $244.6 million.
For the current quarter, LinkedIn is forecasting revenue of $270 million to $275 million dollars, which straddles analysts' expectations of $272.9 million.