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LinkedIn posts better than expected Q2 results; boosts FY15 outlook

By Religare
|

LinkedIn Corp. reported Q2 net loss of USD 67.7 million or USD 0.53 per share, compared to a net loss of USD 1 million or USD 0.01 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was USD 71.4 million or USD 0.55 per share, compared to USD 63.3 million or USD 0.51 per share in the prior year quarter.

Net revenue for the second quarter rose to USD 711.74 million, up 33 per cent from USD 533.88 million in the same quarter last year.

 

Looking forward to the third quarter, the company forecasts revenue of USD 745 million to USD 750 million and adjusted earnings of about USD 0.43 per share. For the full year 2015, the company now forecasts revenue of about USD 2.94 billion and adjusted earnings of about USD 2.19 per share.

"LinkedIn continued to deliver increased member and customer value in the second quarter while delivering solid financial results," said Jeff Weiner, CEO of LinkedIn. "We continued to invest in our long-term strategic roadmap and began integrating the acquisition of lynda.com that closed during the quarter."

Story first published: Friday, July 31, 2015, 23:00 [IST]
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