LinkedIn's 2Q earnings, revenue top Street views

August 1, 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: LinkedIn 3Q results sail past expectations

Related Stories

LinkedIn 3Q results sail past expectations

November 1, 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

February 9, 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

April 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

July 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

April 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

Volvo to supply Uber with self-driving cars (Update)

November 20, 2017

Swedish carmaker Volvo Cars said Monday it has signed an agreement to supply "tens of thousands" of self-driving cars to Uber, as the ride-sharing company battles a number of different controversies.

New method analyzes corn kernel characteristics

November 17, 2017

An ear of corn averages about 800 kernels. A traditional field method to estimate the number of kernels on the ear is to manually count the number of rows and multiply by the number of kernels in one length of the ear. With ...

0 comments

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.