LinkedIn Blows Out Earnings Expectations
LinkedIn Corporation (NYSE: LNKD) is still considered to be the social media winner for business, and its shares traded higher after beating earnings expectations. While the net loss was listed as -$67.7 million after all items and charges on a…
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Thomson Reuters had its consensus estimates at $0.30 EPS and $679.8 million. The beat looks handy here, and the acquisition of Lynda.com is still gaining steam and was just started on integration in the quarter.
Guidance for LinkedIn’s third quarter was between $745 million and $750 million in revenue (versus $743.7 million expected); and non-GAAP earnings were put at roughly $0.43 EPS (versus $0.43 expected). Adjusted EBITDA is expected to be approximately $146 million to 148 million.
Full 2015 guidance is for revenue of approximately $2.94 billion versus the consensus of $2.91 billion. Non-GAAP EPS is expected to be approximately $2.19 in 2015, versus a consensus estimate of $1.93 EPS. Adjusted EBITDA is expected to be approximately $665 million.
Additional data for the second quarter was as follows:
- Talent Solutions revenue (inclusive of Learning & Development) was $443 million, up 38% from a year ago.
- Marketing Solutions revenue was $140 million, up 32% from a year ago.
- Premium Subscriptions revenue was $128 million, up 22% from a year ago.
- This also included record levels of operating and free cash flow.
LinkedIn shares closed down 2.1% at $227.15 ahead of earnings, and the after-hours reaction in the first 15 minutes since the close was up 10% at $249.00 or so on well over 700,000 shares in the after-hours alone. LinkedIn has a 52-week range of $178.76 to $276.18 and a consensus analyst price target of $254.22.
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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.
