LinkedIn Corp. shares rallied in the extended session Thursday after the social network’s earnings and outlook topped Wall Street estimates. LinkedIn shares surged 15% to $142 after hours. The company reported adjusted first-quarter earnings of 74 cents on revenue of $860.7 million. Analysts surveyed by FactSet had estimated 60 cents a share on revenue of $827.8 million. For the second quarter, LinkedIn forecast adjusted earnings of 74 cents to 77 cents a share on revenue of $885 million to $890 million. Analysts had estimated earnings of 71 cents a share on revenue of $885.9 million.
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