LinkedIn Jumps After Q2 Results; Raises Guidance

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The social-networking sector got a much needed boost on Thursday after LinkedIn (NYSE: LNKD ) raised its full-year revenue guidance. In after hours trading, the stock, which has been a bright spot in the sector, rose around 5 percent to $98.00.

The company reported net income for the second-quarter of $2.8 million or $0.03 per share, compared to $4.5 million or $0.04 per share, in the year ago period.

On an adjusted basis, net income was $18.1 million or $0.16 per share, versus $10.8 million or $0.10 per share, in last year's corresponding period. This was in-line with the Wall Street consensus EPS estimate of $0.16.

Revenues in the period were $228.21 million compared to $121.04 million last year. This exceeded analysts' consensus revenue estimate of $215.73 million.

Looking ahead to the third-quarter, LinkedIn said that it expects to report revenues between $235 million to $240 million. This compared to the analyst consensus estimate of $235.20 million.

For fiscal 2012, the company said it expects revenues between $915 million and $925 million. This compared to its prior guidance range of $880 million to $900 million. Before Thursday's earnings release, Wall Street was projecting that LinkedIn would report full-year revenues of $908.39 million.

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , US Markets

Referenced Stocks: LNKD

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