Liz Gannes

Recent Posts by Liz Gannes

Ever the Solid Internet Stock, LinkedIn Delivers on Expectations

Linkedin’s second-quarter earnings were just about in line with what analysts expected, with an extra helping of revenue.

Asa Mathat / AllThingsD.com LinkedIn CEO Jeff Weiner and Chairman Reid Hoffman

The professional networking company had revenue of $228.2 million, above First Call expectations of $216.3 million. Its non-GAAP earnings per share were $0.16, exactly the same as analysts expected.

Revenue was up 89 percent since last year.

During the second quarter, LinkedIn’s good news included a home page redesign and the launch of its first iPad app, while its bad news included losing its syndication partnership with Twitter and having millions of user passwords compromised.

LinkedIn said it now has more than 175 million members. It saw year-on-year growth across all of its three revenue streams, which are hiring solutions, marketing solutions and premium subscriptions.

Shares of LinkedIn are up 3.95 percent to $97.20 in after-hours trading.


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