LinkedIn earnings are just fine ahead of Microsoft merger

Despite selling out for a cool $26.2 billion two months back, LinkedIn still has a job to do.

And it did just fine. 

The professional social network reported second-quarter earnings that beat analysts' expectations in revenue, driven by growth in new members and subscribers. 

But its results also included its largest net loss since going public in 2011. LinkedIn reported a loss of 89 cents per share compared to 53 cents the year prior. Excluding expenses, earnings per share of $1.13 would have beaten expectations of 78 cents per share. 

The stock increased by 0.25 percent in after-hours trading.  Read more...