Home » best investment » earnings » investment group » investment management » investments » Jeff Weiner » LinkedIn » Markets » Mobile » Mutual Funds » On Demand » Personal Finance » Social Media » stocks » LinkedIn income climbed $ 363.7 M

LinkedIn income climbed $ 363.7 M

SAN FRANCISCO (Reuters) - LinkedIn Corp (LNKD) reported revenue of $363.7 million in second quarter, a 59 per hundred jump, after its members numbers proceeded to soar after some quarters of slowing down development. The San Francisco business, one of the few social newspapers stocks that have fulfilled its hype since going public, now brags 238 million users, a 37 per hundred boost from a year before. LinkedIn shares, which shut at an all-time high of $213 on Thursday before the newest results, have roughly increase two-fold in the past year. LinkedIn posted earnings per share of $0.38 on revenue of $363.7 million. Analysts expected 31 cents per share on revenue of $354 million. In the year-ago period, LinkedIn posted earnings per share of 16 cents on revenue of $228 million. Premium subscriptions generated $73.0 million in the quarter, up 68% from the year-ago period and represented 20% of total revenue, up from 19% a year ago. U.S. business was 62% of total revenue, while international was 38%. Total LinkedIn users were 238 million, up 37% from the year-ago period, and the first sequential acceleration of growth since LinkedIn’s 2011 IPO. Monthly unique visitors were 189 million, including LinkedIn’s SlideShare unit. LinkedIn has beaten analysts’ expectations in every quarter as a public company since pricing its IPO at $45 per share in 2011. (Reporting by Gerry Shih; revising by Bernard Orr)

di 1:30 AM
 
Copyright Login MI All Rights Reserved