#LinkedIn beats expectations
Originally posted on TechCrunch:
In a quarter that has seen a mixed set of results for social networks Twitter and Facebook, LinkedIn today reported its quarterly results, handily beating analyst estimates on sales of $568 million, up 45% compared to a year ago and sales of $393 million and non-GAAP earnings per share of $0.52.
But it also posted a wider net loss of $4.3 million, versus to net loss of $3.4 in Q3 2013. Non-GAAP net income was $66 million, versus $47 million a year ago.
The company today has been trading a couple of percentage points higher than its opening price of $198.46/share in anticipation of strong earnings.
Analysts were expecting revenue of $557.5 million and non-GAAP EPS of $0.47 per share for the social network based around people’s jobs.
In Q2, LinkedIn beat analysts’ estimates on both counts. Revenue for the second quarter was $534 million and its EPS (non-GAAP diluted) was $0.51.
With a mandate to…
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