LinkedIn Connects On Earnings
Shares of LinkedIn (NYSE: LNKD) were up sharply after-hours, as the company beat on both the top and bottom line.
Revenue came in at $533.9 million, beating expectations of $510 million, while earnings on an adjusted basis were $0.51 per share, handily beating consensus of $0.40 per share. Growth was seen across all fronts, with gains in advertising, subscriptions, and recruiting.
Guidance was also raised, with company expectations now in the $543-$547 million range. In addition, LinkedIn unveiled a new website called Sales Navigator, which scours LinkedIn databases for potential clients.
Shares of LinkedIn are trading up over eight percent after-hours.
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