LinkedIn Corp. on Thursday reported a loss of $68 million, or 53 cents a share, in the second quarter, compared with a loss of $1 million, or 1 cent a share, a year ago. Adjusted for one-time items, the company reported earnings of 55 cents a share, up from 51 cents a share a year ago. Sales hit $712 million, up from $534 million a year ago. Analysts polled by FactSet had expected the company to report adjusted earnings of 30 cents a share on sales of $680 million. Shares of LinkedIn soared 13% in after-hours trading after ending the regular session down 2.1%. The company said it expects 2015 revenue of about $2.94 billion, a 33% year-over-year growth, and adjusted 2015 EPS of about $2.19 per share. The analysts surveyed by FactSet had expected 2015 EPS of $1.93 a share.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News