NEW YORK (TheStreet) -- Shares of LinkedIn (LNKD were edging up in after-hours trading on Thursday after the company reported earnings and revenue that surpassed analysts' expectations for the 2016 second quarter.
After today's closing bell, the Mountain View, CA-based professional networking platform posted adjusted earnings of $1.13 per share, handily topping analysts' estimates of 78 cents per share.
Revenue for the period was $932.7 million, above analysts' projections of $898.3 million.
Cumulative members rose 18% to 450 million year-over-year and unique visiting members increased 9% to an average of 106 million members per month. Member page views also jumped 32%.
In June, LinkedIn agreed to be acquired by Microsoft (MSFT) for $26.2 billion.
Due to the deal, LinkedIn will not be updating its outlook for fiscal 2016, the company said.
"In Q2, we demonstrated good momentum with our member and customers, and delivered strong financial results," CEO Jeff Weiner said in a statement, "Continued product innovation drove increased levels of engagement, and strengthened our enterprise offerings."
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself.
Recently, 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.
You can view the full analysis from the report here: LNKD