NEW YORK (TheStreet) -- LinkedInCorp. (LNKD) shares are soaring 9.81% to $238.28 on Friday morning after the professional online network posted its third quarter 2015 earnings results that exceeded analysts' expectations.
Earnings of 78 exceeded estimates of 46 cents a share. Revenue came in at $780, also surpassing forecasts of $756 million.
The company also gave a strong full year and fourth quarter earnings guidance. Sales for the fourth quarter are expected to be between the range of $845 million and $850 million. Profit is expected to be about $0.74 a share.
For the full year, the company expects revenue to come in between the range of $2.975 billion and $2.98 billion, higher than its previous expectation of $2.94 billion.
Overall, the company is seeing more traffic through its mobile app and is noticing an accelerating growth in international markets.
Immediately following the company's quarterly results, KeyBanc Capital Markets this morning boosted its price target on LinkedIn to $280 from $250 and maintained its "overweight" rating.
Each of the company's unit beat Wall Street's estimates and "this is a pretty easy note to write," analysts said.
Specifically, Talent Solutions grew for the second quarter in the row, thanks to better ARPU and Lynda results, according to the firm's note.
Separately, TheStreet Ratings team rates LINKEDIN CORP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
We rate LINKEDIN CORP (LNKD) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.
You can view the full analysis from the report here: LNKD