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LinkedIn Revenue Rises 81% from Year Ago Quarter
- November 1, 2012
- Tech
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LinkedIn Revenue Rises 81% from Year Ago Quarter
LinkedIn blew away the numbers today reporting a 81% gain from previous year quarter. The company easily beat Wall Street estimates.
Here’s what you need to know about the LinkedIn beat:
– LinkedIn has 187 million members
– Revenue rose 81% to $252 million
– Analysts had expected revenue of $244 million
– Net income was up
– LinkedIn posted earnings-per-share of 22 cents
– Closed trading today at $107
– Shares went public in May 2011 at $45
– Since May 2011 stock has risen 137%
– LinkedIn has stood out among the tech. stocks think Zynga, Groupon, Facebook, and Pandora
– – Estimates for the 2012 to range between $939 million and $944 million
Congratulations to LinkedIn!