Shares of LinkedIn
(LNKD - Get Report)
moved higher in after-hours trading on Thursday after the company posted first quarter earnings that beat analyst expectations on both the top and the bottom line. LinkedIn posted profits of $0.74 a share (excluding items), easily beating analyst forecasts of $0.60 a share. On the top line, revenue came in at $860.7 million, estimates were for revenue of $828.5 million. In the report, LinkedIn CEO Jeff Weiner highlighted the company's mobile offering. Weiner said, 'As a result of our new mobile experience, members are increasing their activity on LinkedIn, helping drive strong levels of engagement across the platform.' TheStreet's Ruben Ramirez has details from Wall Street.