LinkedIn Soars on Q1 Earnings; Stock Trading Up 10%
LinkedIn (NYSE: LNKD) released its fiscal Q1 earnings results on Thursday after the closing bell. The company reported adjusted earnings per share of $0.15 which compares to Wall Street consensus EPS estimates of $0.09.
Revenues in the quarter came in at $189.00 million. This also came in ahead of Street consensus revenue estimates of $178.58 million.
Earnings and revenue information were not available for the year-ago period when the company was a privately-held company.
The company also announced that it plans to buy content-sharing company SlideShare for $118.8 million in cash and stock.
In the after hours trading session, LNKD shares have risen 10.26% to $120.63. LinkedIn went public in May of 2011 at $45.00 per share.
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