Earnings were also at the forefront this week, with names such as LinkedIn ( LNKD), Yelp ( YELP) and Zynga ( ZNGA) reporting results. LinkedIn saw fourth-quarter revenue jump 81% year-over-year, coming in at $303.6 million. That allowed LinkedIn to earn 35 cents a share. Analysts polled by Thomson Reuters were looking for 19 cents a share on $279.52 million in sales. 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. Mountain View, Calif.-based LinkedIn also surpassed the 200 million member milestone, ending the year with approximately 202 million members, up 39% year-over-year. LinkedIn 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 soared this week, tacking on 21.53% to finish at $150.48.
Zynga, famous for its -Ville games, beat analysts' expectations, earning a profit this quarter. Excluding items, the San Francisco-based social gaming company earned 1 cent a share on $311.1 million in revenue for the fourth quarter. Analysts polled by Thomson Reuters were looking for a loss of 3 cents a share on $212.1 million in sales. For the full year, Zynga reported $1.28 billion in sales, up 12% year over year, as daily active users (DAUs) increased from 54 million in the fourth quarter of 2011 to 56 million at the end of 2012. DAUs decreased 6% sequentially from the third quarter to the fourth quarter. For the first quarter of 2013, Zynga said it expects revenue to be between $255 million and $265 million, losing between 4 cents and 2 cents a share. Shares of Zynga closed out the week higher, gaining 28.95% to finish at $3.43.
Sprint ( S) also reported quarterly numbers this week, receiving an iPhone boost. The telecom company lost 44 cents a share on $9 billion in revenue, up from $8.7 billion in the prior year's quarter. Analysts surveyed by Thomson Reuters were looking for a loss of 46 cents a share on $8.92 billion in revenue. Sprint said it sold 2.2 million iPhones during the quarter, of which 38% went to new customers. For the year, 6.6 million iPhones were sold, out of 20 million smartphones in total. Shares of Sprint rose this week, gaining 1.41% to finish at $5.77.
Next week we see earnings results from Cisco ( CSCO), Net App ( NTAP), Rackspace ( RAX) and Clearwire ( CLWR). Goldman Sachs will also hold its annual technology conference in San Francisco, with Apple CEO Tim Cook and Zillow ( Z) CEO Spencer Rascoff (who discussed Zillow Digs earlier this week with me) set to attend. If you're in the Northeast, stay warm and safe as Nemo finds us (sorry, my joke writer is out sick this week). I'll catch you all on the other side for another exciting week in technology. Enjoy your weekend everyone. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull