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LIVE: LinkedIn Beats On Earnings, Stock Is Up

Aug 1, 2014, 01:27 IST

Getty / Justin SullivanLinkedIn CEO Jeff Weiner

LinkedIn just announced its Q2 earnings!

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Here are the numbers:

  • EPS: $0.51 (versus analyst expectations of $0.39). That's a beat.
  • Revenue: $533.9 million (versus analyst expectations of $510.98 million). That's a beat.
  • Q3 revenue: $543 - $547 (versus analyst expectation of $540.86 million)

Stock is up nearly 9% after-hours.

Here's the official statement from CEO Jeff Weiner:

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It's been a fairly big quarter for LinkedIn, which acquired two companies, launched a new networking app, and revamped its flagship app, as well.

The company also hit 300 million members in April, with 67% actually coming from outside the United States. Nearly half of its traffic comes from mobile, and the company expects to pass 50% by the end of the year.

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