LinkedIn's 2Q earnings, revenue top Street views

Aug 01, 2013
This Tuesday, May 7, 2013, file photo, Greg Leffler, a site reliability engineer at LinkedIn, works outside his company's Mountain View, Calif., headquarters. LinkedIn Corp. reports quarterly financial results after the market closes on Thursday, Aug. 1, 2013. (AP Photo/Noah Berger, File)

LinkedIn's second-quarter net income rose 33 percent as the online professional networking service's membership growth accelerated.

The performance announced Thursday burnished the impressive resume that LinkedIn has put together since going public two years ago. The company has delivered earnings and revenue above the analysts' projections that guide investors in all nine quarters as a publicly traded company.

That track record has helped propel LinkedIn Corp.'s stock nearly fivefold from its IPO price.

The Mountain View, Calif., company earned $3.7 million, or 3 cents per share, during the quarter, from $2.8 million, or 3 cents per share, last year.

Revenue surged by 59 percent to $364 million.

Adjusted profit and sales beat Wall Street predictions.

LinkedIn ended June with 238 million members, up from 218 million in March.

Explore further: Taxi app Uber defies ban in Spain

not rated yet
add to favorites email to friend print save as pdf

Related Stories

LinkedIn 3Q results sail past expectations

Nov 01, 2012

LinkedIn Corp. outpaced Wall Street's expectations with its third-quarter results, solidifying its status as an investor favorite at a time when other Internet companies have fallen from grace.

LinkedIn's 4Q revenue doubles, stock soars 8 pct

Feb 09, 2012

(AP) -- LinkedIn provided further evidence of online networking's popularity and moneymaking potential with a fourth-quarter performance that got a glowing review on Wall Street.

Expedia posts 1Q loss; says revenue rose 24 pct

Apr 25, 2013

Online travel agency Expedia Inc. is reporting a larger loss in the first quarter as its stock-based compensation, legal reserve and depreciation costs surged compared to a year ago. But its adjusted revenue and income surpassed ...

CBS 2Q beats Street as dispute goes on

Jul 31, 2013

CBS says net income rose 11 percent in the latest quarter, beating the expectations of analysts even as a dispute with one of its key TV distributors continues.

EBay 1Q revenue grows but falls below estimates

Apr 17, 2013

EBay grew its earnings and revenue in the first quarter thanks to growth in its PayPal business and its e-commerce sites. But revenue fell shy of Wall Street's expectations, causing investors to send the company's stock lower ...

Recommended for you

Taxi app Uber defies ban in Spain

10 minutes ago

Smartphone car-ride service Uber vowed Friday to keep operating in Spain despite a ban following a lawsuit by taxi drivers and said it would fight the case in court.

Sony film mess reflects gadgets-entertainment gap

7 hours ago

Sony's iconic gadgetry and the star appeal of Hollywood may have appeared to be a perfect match when the electronics giant bought Columbia Pictures in 1989. A quarter century later, it's apparent that Sony ...

LivingSocial's new CEO eyes an experience-oriented future

Dec 24, 2014

Some big challenges lie ahead for LivingSocial, the online marketplace known for its daily deals and discounted prices on restaurants, spas and local activities. But that's where the company's new chief executive, Gautam ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.