Virtual mental health provider Brightside Health raises $33M
The company added Trip Hofer, former CEO of Optum Behavioral Health Solutions, to it board
Read more...This week has been pretty tough on public social media companies. Twitter did well... until a comment from the company's CEO sent shares tumbling back down to earth. Facebook shares also suffered, despite the company reporting solid results.
LinkedIn seems to be following the same path.
Shares of LinkedIn fell 7% in after-hours, following a rise of 11% right after the call, when the company announced earnings that easily beat expectations in its second quarter earnings report on Thursday. The stock had gone down 1.99%, or $4.61, to $227.39 a share, in regular trading.
In the earnings report, LinkedIn posted non-GAAP earnings per share of $0.30 on revenue of $712 million, an increase of 33% compared to the second quarter of 2014. Analysts had been expecting EPS of $0.30 on revenues of $679.96 million.
GAAP net loss for the quarter was $68 million, while non-GAAP net income for the second quarter was $71 million.
“LinkedIn continued to deliver increased member and customer value in the second quarter while delivering solid financial results,” Jeff Weiner, CEO of LinkedIn, said in a statement. “We continued to invest in our long-term strategic roadmap and began integrating the acquisition of lynda.com that closed during the quarter.”
Unique visiting members to jobs-related pages improved approximately 40% year-over-year, while the recently launched Job Search app reached more than 3 million activations from approximately 1 million during the first quarter.
Also, the number of jobs on the platform also increased to nearly 4 million from approximately 1 million last year.
Talent Solutions took in $443 million in revenue in Q2, up 38% year-to-year. Revenue from Marketing Solutions was $140 million during the quarter, an increase of 38% year to year. Premium Subscriptions brought in $128 million, a 22% year-to-year increase.
A total of $389 million, or 61% of LinkedIn’s revenue, came from the U.S., while $248 million, or 39%, came from international markets.
LinkedIn even showed strong guidance, an area that has caused it trouble in the past.
It now expects Q3 revenue of between $745 million $750 million, with EPS of $0.43,. For the full year 2015, LinkedIn expects revenue of $2.94 billion and EPS of $2.19.
(Image source: forbes.com)
The company added Trip Hofer, former CEO of Optum Behavioral Health Solutions, to it board
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