BEAT IT! LinkedIn Blows Away Estimates In Third-Quarter Earnings

Jeff WeinerJeff Weiner, CEO, LinkedIn

Photo: AP

LinkedIn just reported massive, killer earnings for the third quarter after markets closed today.The company seriously beat expectations with non-GAAP earnings of 22 cents per share and revenues of $252 million.

GAAP earnings were 2 cents per share.

It raised full-year guidance on revenues to a range of $939 million to $944 million.

Shares closed under $107, but soared 8 per cent in after-hours trading to $115.

Analysts were expecting a strong quarter despite a tough environment in Europe. The consensus, according to analysts polled by Thomson Reuters was for earnings of 11 cents a share, up 83% year over year, and revenue of $244 million—which was a tad higher than the company’s guidance.

In any event, LinkedIn blew past its own guidance and analysts’ projections. The company seems to be firing on all cylinders.

Here’s the slide deck from the earnings conference call:

And here’s a running transcript of our live notes from the earnings release and call with management:

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