Shares of LinkedIn surged in after-hours trading on Thursday after the company posted first quarter earnings that beat analyst expectations on both the top and the bottom line. LinkedIn posted profits of $0.74 a share (excluding items), easily beating analyst forecasts of $0.60 a share. On the top line, revenue came in at $860.7 million, estimates were for revenue of $828.5 million. In the report, LinkedIn CEO Jeff Weiner highlighted the company’s mobile offering. Weiner said, ‘As a result of our new mobile experience, members are increasing their activity on LinkedIn, helping drive strong levels of engagement across the platform.’ TheStreet’s Ruben Ramirez has details from Wall Street.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
