LinkedIn’s earnings today beat analyst expectations in dramatic fashion, sending the stock up as much as 14% in extended trading after it released its second-quarter results.
The company reported earnings of 55 cents per share and revenue of $712 million. Analysts estimated that the company would bring in 30 cents per share on $680.3 million in revenue.
However, the company said it now expects $90 million from Lynda for the full year versus the original guidance of $40 million, impacted by “an earlier than expected close, a lower than anticipated deferred revenue write-down, and moderate over-performance in the early-going.”
LinkedIn’s expectations for 2015 were $2.94 billion in revenue and earnings of $2.19 per share, the company said. Analysts were expecting $2.91 billion in revenue for the company’s 2015 guidance.
During the earnings call, the stock fell more than 7%, during comments about the incremental impact of the company’s core profitability related to the guidance change…
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