LinkedIn Connects With 238M Users for Another Strong Quarter
LinkedIn (NYSE:LNKD) released it second-quarter earnings after the bell Thursday, reporting that its profit rose 32 percent over the year from $2.8 million or $0.16 per share a year earlier in 2012 to $3.7 million or $0.38 per share. This surpassed analysts’ estimates of $353.85 million and $0.31 per share.
Revenue for the world’s largest professional network on the Internet also increased 59 percent over the year, totaling $363.7 million, as opposed to $228.2 million a year earlier. This led LinkedIn’s stock to rise 4.52 percent in after-hours trading to $213.00 as of 5:20 p.m. Thursday.