NEW YORK (TheStreet) -- Shares of LinkedIn (LNKD) were slightly up in early-morning trading Friday after the professional networking company posted results that exceeded analysts' expectations for the 2016 second quarter.

After yesterday's closing bell, the Mountain View, CA-based company reported adjusted earnings of $1.13 per share, well above analysts' forecasts of 78 cents per share.

Revenue came in at $932.7 million for the quarter, topping Wall Street's estimates of $898.3 million.

Cumulative members jumped 18% to 450 million year-over-year and unique visiting members rose 9% to an average of 106 million members per month. Member page views also climbed 32%.

In June, LinkedIn agreed to be acquired by Microsoft (MSFT) for $26.2 billion.

Due to the deal, LinkedIn did not update its outlook for fiscal 2016 and did not hold an earnings conference call.

MKM Partners maintained its "neutral" rating and $196 price target on the stock after the results.

"LNKD reported a very strong quarter with solid upside to revenue and significantly higher EBITDA. Results will not likely have any impact on the stock with the $196 per share offer from Microsoft...which is widely expected to reach a successful close," the firm wrote in an analyst note.

MKM added that each segment topped expectations, with core hiring revenue the highlight, growing 27% vs. expectations for an increase of 22%.

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