Courtesy of Benzinga.
LinkedIn (NYSE: LNKD) reported second quarter earnings after the market close Thursday.
EPS came in at $0.38 versus the $0.31 estimate. This is huge news for the company which reported earnings of $0.16 for the same quarter last year.
Revenue beat estimates by 2.73 percent at 363.7 million versus the analyst consensus of 354.04 million. This is almost 60 percent year over year growth.
Broken down into product category, the talent solutions brought in 205 million of revenue, marketing solutions had revenue of 85.6 million, and premium subscriptions totaled 73 million. The company also notes that the United States sales made up 62 percent of total revenue.
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CFO Steve Sordello commented, “LinkedIn operated at a high level in the second quarter, evidenced by strong engagement, steady growth, and increasing levels of adjusted EBITDA and cash flow. We continue to make long-term investments against our operating priorities in order to add increased value for our members and customers.”
Looking forward to the rest of the year, the company expects revenue between 367 and 373 million for the third quarter and 1.455 billion to 1.475 billion for the full year.
Shares are rallying on this news and are up 6.1 percent to $226 in extended hours trading.
