Link-in to LinkedIn Corp (NYSE:LNKD)’s Q3 outlook
LinkedIn Corp (NYSE:LNKD) more than topped analysts’ projections with its amazing Q2 results. LinkedIn shares rose by 4.5% in Thursday’s trading session just in anticipation that the company would outrun expectations. Shares had started to dip initially and lost 1% before they started climbing almost to 4% in afterhours trading.
LNKD reported Q2 earnings of 38 cents/share on revenue of $364M which was 59% higher than the 2012 Q2 revenue. The average analyst expectation had been 31 cents/share on $353.9 M revenue. In the earnings release, the company brought its 3 main monetization strategies to the fore. It reported $205.1M from the Talent Solutions division. This was a 69% rise from the same quarter in 2012. This division accounted for 56% of LNKD’s total Q2 revenue in comparison with 53% in the same quarter last year.
The company reported that its membership had climbed to 238M users in the quarter while there was a 37% y-o-y growth. The company has attributed this growth to its product optimization. They said that this was the very first membership-growth acceleration since the 2011 Q3. The company has also revamped the mobile experience and released new apps for iOS and Android. The rise in mobile activity accounted for over40% more than the homepage engagement.
For the Q3, LNKD has projected revenue ranging between $367M-$373M. The average analyst revenue for the Q# had been $383M. For the entire year, the company has raised its guidance and it now stands in the range of $1.455B-$1.475B
LinkedIn Corp (NYSE:LNKD is a professional networking website and has over 90M members across 200 territories and countries. Via the LinkedIn platform, members are can create, manage as well as share their professional profiles online. They can engage and build with the professional network, access insights and shared knowledge and also look for business opportunities.