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LinkedIn Raising 2012 Revenue Targets

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By Jon C. Ogg Updated Published
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LinkedIn Corporation (NYSE: LNKD) is seeing its shares rise after its earnings report as the social network for professionals met earnings estimates and beat revenue estimates. The company also raised its full 2012 revenue expectations.

Earnings came in $0.16 per share and revenue was up almost 90% to about $228 million. Thomson Reuters was looking for $0.16 EPS and $215.7 million in revenue.

LinkedIn also gave guidance of $235 to $240 million in revenue versus the consensus of about $235.2 million for the current quarter. For all of 2012, LinkedIn is now looking for sales of $915 million to $925 million, above its prior forecast above the consensus of $908.4 million from Thomson Reuters.

The drop in Facebook Inc. (NASDAQ: FB) helped to take shares down by 2.2% today to $93.51, but the stock is up 4.8% at $97.99 in the after-hours reaction.

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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