LinkedIn Shares Surge on Improved Outlook, Earnings Beat
Shares of LinkedIn moved higher in after-hours trading on Thursday after the company posted first quarter earnings that beat analyst expectations on both the top and the bottom line.
Shares of LinkedIn (LNKD) moved higher in after-hours trading on Thursday after the company posted first quarter earnings that beat analyst expectations on both the top and the bottom line. LinkedIn posted profits of $0.74 a share (excluding items), easily beating analyst forecasts of $0.60 a share. On the top line, revenue came in at $860.7 million, estimates were for revenue of $828.5 million. In the report, LinkedIn CEO Jeff Weiner highlighted the company's mobile offering. Weiner said, 'As a result of our new mobile experience, members are increasing their activity on LinkedIn, helping drive strong levels of engagement across the platform.' TheStreet's Ruben Ramirez has details from Wall Street.
