Market Overview

LinkedIn Soars on Q1 Earnings; Stock Trading Up 10%


LinkedIn (NYSE: LNKD) released its fiscal Q1 earnings results on Thursday after the closing bell. The company reported adjusted earnings per share of $0.15 which compares to Wall Street consensus EPS estimates of $0.09.

Revenues in the quarter came in at $189.00 million. This also came in ahead of Street consensus revenue estimates of $178.58 million.

Earnings and revenue information were not available for the year-ago period when the company was a privately-held company.

The company also announced that it plans to buy content-sharing company SlideShare for $118.8 million in cash and stock.

In the after hours trading session, LNKD shares have risen 10.26% to $120.63. LinkedIn went public in May of 2011 at $45.00 per share.

Posted-In: Earnings News After-Hours Center Movers Best of Benzinga


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