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.
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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.
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