LIVE: LinkedIn Beats On Earnings, Stock Is Up
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:
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.