LinkedIn Quarterly Results Soar Past Estimates
SAN FRANCISCO (CBS/AP) — The fourth-quarter report for online professional-networking service LinkedIn has added another line to its sterling resume as a public company.
The results announced Thursday extended LinkedIn Corp.’s uninterrupted streak of exceeding analysts’ projections for both earnings and revenue. It marked the seventh consecutive quarter since LinkedIn’s May 2011 IPO that the company has done that.
The run of pleasant surprise is one of the reasons that LinkedIn’s stock has nearly tripled from its initial public offering price of $45.
LinkedIn earned $11.5 million, or 10 cents per share, during the final three months of last year. That marked a 66 percent increase from $6.9 million, or 6 cents per share, a year earlier.
Revenue soared 81 percent to $304 million.
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