LinkedIn Connects On Earnings

Shares of

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.