LinkedIn Jumps on Q4 Results
LinkedIn (NASDAQ: LNKD) released its fiscal fourth-quarter results on Thursday after the closing bell. The stock was trading up around 9 percent in the wake of the report in the after-hours trading session.
LinkedIn reported net income of $11.5 million, a 66 percent jump versus the $6.9 million the company reported in last year's fourth-quarter. On a per share basis, LNKD earned $0.10 versus $0.06 last year.
Adjusted earnings, which are comparable to analysts' consensus, were $40.2 million or $0.35 per share, compared to $13.3 million or $0.12 per share in the year ago quarter. This easily topped analysts' consensus EPS estimates of $0.19.
Net revenue in the quarter was $303.6 million, an increase of 81 percent versus the $167.7 million LinkedIn reported last year. This also beat Street consensus of $279.50 million by a wide margin.
LinkedIn also provided updated guidance. For the first-quarter revenue is expected to be in a range between $305 million and $310 million. This compares to current analysts' consensus of $301.16 million.
For the full-year, LNKD sees revenue between $1.41 billion and $1.44 billion on adjusted EBITDA of $315 million to $330 million. Currently, analysts have consensus revenue estimates of $1.44 billion for the fiscal year.
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