LinkedIn Reports Better-Than-Expected Earnings, Revenue; Shares Rise
LinkedIn shares gained steam after the professional networking company reported second quarter results that beat Wall Street's expectations.
LinkedIn (LNKD) shares gained steam after the professional networking company reported second quarter results that beat Wall Street's expectations. Earnings of $1.13 a share topped estimates of $0.78. Revenue of $933 million rose 31 percent year-over-year, eclipsing estimates $898 million. Cumulative members rose 18 percent year-over-year to 450 million. Talent solutions revenue rose 35 percent year-over-year to $597 million. Marketing solutions revenue gained 29 percent to $181 million. The company is set to be acquired by Microsoft (MSFT) - Get Report for $196 a share - that deal was announced back in June. TheStreet's Scott Gamm reports from Wall Street.
