LinkedIn Corp. (NYSE:LNKD) LinkedIn Corp is a professional network on the Internet with more than 90 million members in over 200 countries and territories.
Results: The company reported a loss of $1.6 million or 2 cents a share. In the same quarter a year ago, the company had a profit of $915,000 or 2 cents a share.
Revenue: Rose more than twofold to $139.5 million.
Actual vs. Wall St. Expectations: The company beat the mean estimate of a loss of 4 cents a share. It topped the revenue estimate of $128 million.
Quoting Management: “LinkedIn had a strong third quarter, with significant, broad-based growth across all of our revenue streams, member engagement metrics, geographies, and sales channels,” said Jeff Weiner, CEO of LinkedIn. “Our results underscore the long-term strength of our global platform and our business model.”
Looking Forward: For the fiscal year, the average estimate has moved up from a loss of 9 cents a share to a profit of 3 cents over the last ninety days.
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