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October 30, 2013 12:12 am GMT
LinkedIn reported its third-quarter earnings today, with revenue of $393 million (up 56 percent) and earnings per share of $0,39. Analysts had expected LinkedIn to earn $0.31 per share, on revenue of $385 million. In the comparable year-ago quarter, LinkedIn earned $0.22 on revenue of $252 million. On a GAAP basis, LinkedIn lost $0.03 per share. However, LinkedIn’s performance is generally measured on a per-share basis in non-GAAP terms. For the quarter, LinkedIn’sTalent Solutions group had revenue of$224.7 million (up 62 percent year over year), itsMarketing Solutions had $88.5 million in revenue (up 38percent), year over year), and itsPremium Subscriptions top line totaled$79.8 million (up 61percent), year over year). LinkedIn reported revenue guidance for its fourth quarter of $415 million to $420 million. Investors had forecasted a figure of around $20 million more.In normal trading, LinkedIn was up around 1.5percent). Following its earnings beat, LinkedIn is down in after-hours trading. Investors, it appears, are disappointed with what appears to be slowing top-line growth at LinkedIn.LinkedIn is a very richly valued company. Before its stock moved, following its earnings release, LinkedIn had a trailing PE ratio in the hundreds, a forward PE of 111, and a PEG ratio of 2.92, accordingto Yahoo Finance. That means it cannot afford missteps, as investors are expecting consistently strong results. The company had non-GAAP net income of $46.8 million in the period. For the quarter, LinkedIn’s adjusted EBITDA totalled$92.8 million. The company had a GAAP net loss of$3.4 million in the quarter, up around 50 percent year-over-year.LinkedIn had 259 million users at the end of the quarter. In sum, LinkedIn had a strong quarter, but its lower-than-expected stated expectations for its year-end quarter have unnerved investors. Top Image Credit:Sheila Scarborough
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DyHBWmDCu5o/
LinkedIn Beats In Q3 With Revenue of $393M, EPS of $0.39, But Weak Q4 Guidance Sends Its Stock Lower
LinkedIn reported its third-quarter earnings today, with revenue of $393 million (up 56 percent) and earnings per share of $0,39. Analysts had expected LinkedIn to earn $0.31 per share, on revenue of $385 million. In the comparable year-ago quarter, LinkedIn earned $0.22 on revenue of $252 million. On a GAAP basis, LinkedIn lost $0.03 per share. However, LinkedIn’s performance is generally measured on a per-share basis in non-GAAP terms. For the quarter, LinkedIn’sTalent Solutions group had revenue of$224.7 million (up 62 percent year over year), itsMarketing Solutions had $88.5 million in revenue (up 38percent), year over year), and itsPremium Subscriptions top line totaled$79.8 million (up 61percent), year over year). LinkedIn reported revenue guidance for its fourth quarter of $415 million to $420 million. Investors had forecasted a figure of around $20 million more.In normal trading, LinkedIn was up around 1.5percent). Following its earnings beat, LinkedIn is down in after-hours trading. Investors, it appears, are disappointed with what appears to be slowing top-line growth at LinkedIn.LinkedIn is a very richly valued company. Before its stock moved, following its earnings release, LinkedIn had a trailing PE ratio in the hundreds, a forward PE of 111, and a PEG ratio of 2.92, accordingto Yahoo Finance. That means it cannot afford missteps, as investors are expecting consistently strong results. The company had non-GAAP net income of $46.8 million in the period. For the quarter, LinkedIn’s adjusted EBITDA totalled$92.8 million. The company had a GAAP net loss of$3.4 million in the quarter, up around 50 percent year-over-year.LinkedIn had 259 million users at the end of the quarter. In sum, LinkedIn had a strong quarter, but its lower-than-expected stated expectations for its year-end quarter have unnerved investors. Top Image Credit:Sheila ScarboroughOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/DyHBWmDCu5o/
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