LinkedIn reported its third quarter earnings today, with revenue of $393 million (up 56%) and earnings per share of $0,39. Analysts had expected LinkedIn to earn $0.31 per share, on revenue of $385 million. In the comparable year-ago quarter, LinkedIn earned $0.22 on revenue of $252 million.
LinkedIn reported revenue guidance for its fourth quarter of $415 million to $420 million. Investors had forecasted a figure of around $20 million more.
The company had non-GAAP net income of $46.8 million in the period. LinkedIn had 259 million users at the end of the quarter.
In normal trading, LinkedIn was up around 1.5%. Following its earnings beat, LinkedIn is down in after-hours trading. LinkedIn is a very richly valued company. Before its stock moved, following its earnings release, LinkedIn had a trailing PE ratio in the hundreds, a forward PE of 111, and a PEG ratio of 2.92, according to Yahoo Finance.
Top Image Credit: Sheila Scarborough
Read more : LinkedIn Beats In Q3 With Revenue of $393M, EPS of $0.39, But Low Q4 Guidance Sends Its Stock Lower
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