NEW YORK (TheStreet) -- LinkedIn Corp. (LNKD) shares are flying 11.07% to $236.81 in after-hours trading on Thursday following the online professional network's third quarter fiscal 2015 earnings that exceeded analysts' forecasts.
For the latest quarter, the Mountain View, CA-based company earned 78 cents a share, surpassing analysts' estimates of 46 cents a share.
Revenue of $780 million beat expected revenue of $756 million.
"LinkedIn delivered strong results in the third quarter, and recently announced several products focused on delivering increased member and customer value," CEO Jeff Weiner stated.
Overall, the company's sales year-over-year were boosted by talent solutions, marketing solutions and premium subscriptions, which grew 46%, 28% and 21%, respectively.
LinkedIn also worked to enhance its site by adding new messaging features and including several different languages.
Looking ahead, revenue for the fourth quarter is 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 forecasts revenue to come in between the range of $2.975 billion and $2.980 billion and profit to be about $2.63 a share.
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