LinkedIn Reports Q2 Earnings. Today LinkedIn reported its second quarter financial performance, which included revenues of $228 million, and earnings per share of $0.16. Analysts had expected revenues of $216 million, and earnings per share of $0.16. Essentially, LinkedIn outperformed on its top line, and met expectations on its bottom.
Year over year, its revenues were up some 89%. GAAP earnings per share was $0.03. LinkedIn was down just over 2% in normal trading, and is now rising in after hours trading. LinkedIn reported that it has some 175 million members, making it one of the world’s largest digital relationship networks. US Revenues comprised some 65% of total revenues for the firm’s quarter.
Non-GAAP net income for the quarter was $18.1 million. For comparison, you can read TNW’s coverage of LinkedIn’s last quarterly report here.
Given the market’s reaction, and the fact that LinkedIn did manage to best expectations on one metric, the company performed well. Still, the company is richly valued. According to Google Finance, before this report and its recent stock uptick, LinkedIn’s PE ratio was over 575. LinkedIn’s performance today may buoy its Beauregard Internet brethren, Facebook.
Finally, LinkedIn has boosted its full year fiscal expectations “upward to $915 million to $925 million from the prior range of $880 million to $900 million.” Full speed ahead.
Source: The Next Web
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