Linkedin Earnings: Here’s Why Investors are Exploding Higher Now
Linkedin Corporation (NYSE:LNKD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 10%.
Linkedin Corporation Earnings Cheat Sheet
Results: Net income increased 66.18% to $11.5 million (35 cents per diluted share excluding items) in the quarter versus a net gain of $6.92 million in the year-earlier quarter.
Revenue: Rose 81.23% to $304 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Linkedin Corporation reported adjusted net income of 35 cents per share. By that measure, the company beat the mean analyst estimate of $0.19. It beat the average revenue estimate of $279.5 million.
Quoting Management: “2012 was a transformative year for LinkedIn,” said Jeff Weiner, CEO of LinkedIn. “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. The products we delivered throughout the year drove member engagement and financial results to record levels in the fourth quarter.”
Key Stats (on next page)…