LinkedIn smashes Q3 earnings estimates
LinkedIn, the professional networking site that now has 187 million members, today posted third-quarter earnings that easily beat Wall Street estimates and raised its revenue guidance for the full year.
The company, which had strong growth across the board, saw revenue rise 81 percent from the year-ago quarter, to $252 million. Analysts had expected revenue of $244 million. Net income also was up, with LinkedIn posting earnings per share of 22 cents, twice what Wall Street had predicted.
Membership rose 6.9 percent to 187 million from 175 million at the end of the second quarter.
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