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Technology Stocks : LinkedIn Corporation

LNKD 195.96

0.0%

Dec 16 4:00 PM EST

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From: Glenn Petersen	8/2/2012 4:33:01 PM
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LNKD is up in after hours trading. The second quarter press release: finance.yahoo.com LinkedIn Beats! By Matt Lynley Business Insider August 2, 2012 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 seeing a slight bump, up about 1 percent 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 percent 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. finance.yahoo.com

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