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February 10, 2012 02:12 am GMT
Professional social network LinkedIn just reported stronger than expected fourth quarter 2011 earnings today. Earnings came in at $0.12 per share. Revenue for the fourth quarter was $167.7 million, an increase of 105% compared to $81.7 million for the fourth quarter of 2010. Net income for the fourth quarter was $6.9 million, compared to net income of $5.3 million for the fourth quarter of 2010. Analysts expected the company to earn $0.07 per share on revenues of $159.72 million.Q4 once again exceeded our expectations for member engagement and business growth. It was a fitting end to a memorable year in which we reinforced our position as the pre-eminent professional network on the web, said Jeff Weiner, CEO of LinkedIn. We believe continued focus on our members and technology infrastructure positions us well for accelerated product innovation in 2012.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qjJGzCcYVfs/
LinkedIn Beats The Street, Q4 Revenue Up 105 Percent To $167.7M
Professional social network LinkedIn just reported stronger than expected fourth quarter 2011 earnings today. Earnings came in at $0.12 per share. Revenue for the fourth quarter was $167.7 million, an increase of 105% compared to $81.7 million for the fourth quarter of 2010. Net income for the fourth quarter was $6.9 million, compared to net income of $5.3 million for the fourth quarter of 2010. Analysts expected the company to earn $0.07 per share on revenues of $159.72 million.Q4 once again exceeded our expectations for member engagement and business growth. It was a fitting end to a memorable year in which we reinforced our position as the pre-eminent professional network on the web, said Jeff Weiner, CEO of LinkedIn. We believe continued focus on our members and technology infrastructure positions us well for accelerated product innovation in 2012.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qjJGzCcYVfs/
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