This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

LinkedIn Soars on Huge Beat

NEW YORK ( TheStreet) -- LinkedIn (LNKD - Get Report) shares jumped after the social network geared for professionals beat Wall Street expectations.

LinkedIn reported fourth-quarter earnings of 35 cents a share on $303.6 million in revenue, up 81% year-over-year. Analysts polled by Thomson Reuters were looking for 19 cents a share on $279.52 million in sales. Analysts polled by Estimize were looking for 22 cents a share on $284.70 million in revenue.

Revenue growth was aided by Talent Solutions revenue, which totaled $161 million, up 90% year-over-year. Talent Solutions revenue made up 53% of this quarter's sales.

"2012 was a transformative year for LinkedIn," said Jeff Weiner, CEO of LinkedIn. "We exited 2011 having successfully revamped our underlying development infrastructure. Based on that investment, we said that 2012 would be a year of accelerated product innovation, and it was. The products we delivered throughout the year drove member engagement and financial results to record levels in the fourth quarter."

LinkedIn noted in the release that its passed the 200 million member milestone, ending the year with approximately 202 million members, up 39% year-over-year.

LinkedIn also provided first-quarter guidance that blew past Wall Street estimates. It expects revenue between $305 million and $310 million. Analysts polled by Thomson Reuters were expecting $301.3 million in revenue. For the full year, LinkedIn expects sales between $1.41 billion and $1.44 billion. Wall Street analysts expect $1.439 billion.

Shares of LinkedIn fell during Thursday's trading session, but are moving sharply higher in extended hours trading, up 9.7% to $136.13, according to Nasdaq.com.

The company will hold a conference call at 5 P.M. EST to discuss the results.

--Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
LNKD $194.93 0.00%
AAPL $130.28 0.00%
FB $79.19 0.00%
GOOG $532.11 0.00%
TSLA $250.80 0.00%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs