NEW YORK (TheStreet) -- Shares of LinkedIn (LNKD) were slightly higher in after-hours trading on Thursday after the company posted better-than-anticipated earnings for the 2016 third quarter.

After the closing bell, the Mountain View, CA-based professional social network reported adjusted earnings of $1.18 per share, surpassing analysts' projections of 90 cents per share.

Revenue grew 23% to $959.8 million over last year and largely met Wall Street's expectations, according to FactSet.

During the quarter, cumulative members rose 14% to 467 million year-over-year.

Microsoft agreed to buy the company for $196 per share or $26.2 billion in June. LinkedIn expects that the deal will close before the end of 2016. 

TheStreet Recommends

Due to the pending deal, LinkedIn said it would not update its outlook for the fiscal year.

Previously, the company had projected full-year earnings per share between $3.30 and $3.40 on revenue of $3.65 billion to $3.70 billion. Wall Street is modeling earnings of $3.77 per share on revenue of $3.78 billion for 2016.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "sell" with a ratings score of D+ on LinkedIn.

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: LNKD

Image placeholder title