LinkedIn Revenue Rises 81% from Year Ago Quarter

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!

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