Today LinkedIn reported its first quarter results of $189 million in revenue, and earnings per share of $0.15. This beat analyst expectations of $179 million in revenue, and earnings per share of $0.09 per share.
In the year ago quarter, LinkedIn had $94 million in revenue, on which it broke even. The company’s stock is up sharply in after hours trading. For the coming quarter, LinkedIn anticipates revenues of some $210 to $215 million, and around $900 million in revenue for the calendar year.
You can read the company’s full report here. For you, we have extracted the important part:
Checking the markets as they currently are, LinkedIn is racing back up to a PE of 1,000. That valuation is quite rich, and may bode well for Facebook, which will float on the public markets this May 18th. Groupon may be sliding, but LinkedIn is riding high.
This is a breaking story, please refresh for updates.