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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	8/1/2013 4:46:19 PM
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Another good quarter of LNKD. The press release: finance.yahoo.com LinkedIn Beats Again as Revenue Jumps to $364 Million By Mike Isaac All Things D August 1, 2013 at 1:13 pm PT Another earnings season, another beat from the Internet company that can seemingly do no financial wrong. LinkedIn reported second quarter earnings results on Thursday, with earnings per share of .38 on revenue of $364 million. That easily beats analysts’ consensus of an EPS of .31 on revenue of $353.85 million. “Accelerated member growth and strong engagement drove record operating and financial results in the second quarter,” said LinkedIn CEO Jeff Weiner in a canned statement. “We are continuing to invest in driving scale across the LinkedIn platform in order to fully realize our long-term potential.” As always, the bulk of the company’s revenue was comprised of the Talent Solutions group, which accounted for $205.1 million, an increase of 69 percent compared to the year-ago-quarter. Some highlights: – Membership is still growing. The company reported 238 million users, a jump of 37 percent compared to the year-ago-quarter. – Apparently LinkedIn’s “Influencer” program — the product that has guest posts from big names like Bill Gates, Richard Branson and others — is working: Homepage traffic from Influencer posts more than doubled from the year previous. Shares of LinkedIn were trading down nearly three percent in after hours, hovering in the $207 price range. We’ll be listening in on the earnings call with analysts at 2 p.m. PST for anything else of note. finance.yahoo.com

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