Photo: Flickr/The DEMO Conference
LinkedIn’s second-quarter earnings are out!It looks like a beat on revenue!
LinkedIn reported revenue of $228.2 million, compared to Wall Street analyst estimates of $216.5 million.
The stock is bouncing around pretty rapidly, but seems to be soaring. It was up as much as 7 per cent in extended trading.
It posted an EPS of $0.16, which was in-line with analyst estimates.
It sees Q3 revenue of $235 million to $240 million, which is also in-line (on the low end) with analyst estimates of $235.2 million.
For the 2012 fiscal year, LinkedIn is increasing its guidance, forecasting between $915 and $925 million. Analyst estimates were $907.2 million for FY 2012 revenue.
LinkedIn was one of the best-performing tech IPOs of 2011, and hasn’t slowed much since.
The stock is up more than 45 per cent on the year, though it has slipped a bit in recent weeks thanks to weakness as a result of Facebook’s IPO.
Now not just a network for professionals to connect, LinkedIn is one of the top methods for recruiting and hiring — and finding a job.
We’ll be listening in on the earnings call beginning at 5 p.m. eastern time, so be sure to check out SAI for any interesting tidbits we hear.