Owlet receives clearance to sell its baby monitoring tech in the EU
Dream Sock is an over the county monitor offering live health readings and notifications for infants
Read more...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.
(Image source: https://articles.latimes.com)
Dream Sock is an over the county monitor offering live health readings and notifications for infants
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