NEW YORK (TheStreet) -- LinkedIn (LNKD) stock is advancing 6.5% to $131.01 in after-hours trading Thursday after the company reported better-than-expected financial results for the 2016 first quarter.
The Mountain View, CA-based professional networking company reported earnings of 74 cents per share on revenue of $860.65 million for the quarter.
Analysts had estimated earnings of 60 cents per share on revenue of $828.47 million.
The 35% year-over-year increase in revenue was driven by talent solutions revenue, which was up 41% to $557.65 million. Talent solutions connects hiring managers and recruiters with job seekers. Its marketing solutions revenue grew 29%, while premium subscriptions revenue rose 22%.
"LinkedIn delivered strong financial results and growth across our core product lines," CEO Jeff Weiner said in a statement. "As a result of our new mobile experience, members are increasing their activity on LinkedIn, helping drive strong levels of engagement across the platform."
Cumulative members increased by 19% to 433 million, while unique visiting members grew by 9% to 106 million members a month.
Separately, LinkedIn has a "Sell" rating and a letter grade of D+ at TheStreet Ratings because of the company's deteriorating net income, disappointing return on equity, generally disappointing stock performance and feeble earnings per share growth.
You can view the full analysis from the report here: LNKD
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