LinkedIn Shares Up 19.2% Following Stellar Earnings Report


LinkedIn Shares Soar

Yesterday we reported on LinkedIn and its stellar earnings report for Q4 2012. Today investors celebrated the company’s better than expected earnings with stock price increases of 19.16 percent. LinkedIn shares increased to $147.86.

Revenue at LinkedIn is up 81 percent year-over-year to $304 million.

Compared to the previous quarter LinkedIn net income was up from $2.3 million to $11.5 million.

LinkedIn also impressed with new that it has surpassed the 200 million members milestone with many new members joining internationally.

Over the last 12 months LinkedIn shares have increased from $74.32 to $147.86.

Since debuting on the NYSE in May 2011 LinkedIn shares have skyrocked from their starting price of $45 per share.

LinkedIn expects to increase its earnings further in 2013 thanks to a redesigned look, new features and improving advertising options.

LinkedIn Shares Soar


James Kosur

James Kosur has worked in the new media space for the last 10 years, helping many publications build their audiences to millions of monthly readers. He currently serves as the Director of Business Development at Business2Community.com and the CEO of Aven Enterprises LLC.

0 Comments

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.