Shares of LinkedIn rose over 7% in after-hours trading Thursday after the company posted better than expected second-quarter earnings.
The stock had gone up 4.52 %, or $9.21, to $213 a share in regular trading earier in the day.
In the earnings report, LinkedIn posted non-GAAP earnings per share of 38 cents on revenue of $363.7 million, up 59% from $228.2 million in the year-ago period. Analysts had been projecting EPS of 31 cents a share on revenue of $354 million.
Net income for the quarter was $3.7 million, compared to net income of $2.8 million for the second quarter of 2012. Non-GAAP net income for the second quarter was $44.5 million, compared to $18.1 million for the first quarter of 2012
Adjusted EBITDA for the second quarter was $88.6 million, or 24% of revenue, compared to $50.4 million for the second quarter of 2012, or 22% of revenue.
In previous earnings report, LinkedIn had projected revenue in the range of $342 and $347 million for the second quarter, while adjusted EBITDA was expected to range between $77 million and $79 million.
“Accelerated member growth and strong engagement drove record operating and financial results in the second quarter,” Jeff Weiner, CEO of LinkedIn, said in a statement. “We are continuing to invest in driving scale across the LinkedIn platform in order to fully realize our long-term potential.”
Talent Solutions took in $205.1 million, or 59% of total revenue, up 69% from a year ago, when it accounted for 53% of total revenue.
Revenue from Marketing Solutions was $85.6 million during the quarter, an increase of 36% year-to-year. It accounted for 56% of total revenue, compared to 53% in Q2 2012.. Premium Subscriptions brought in 20% of total revenue, or $73 million, up 68% year to year.
A total of $224.3 million, or 62%, of LinkedIn’s revenue came from the U.S., while $139.4 million, or 38%, came from international markets.
LinkedIn is expecting revenue in the range of $367 million and $373 million for the third quarter, while adjusted EBITDA is expected to range between $81 million and $83 million.
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