Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

LinkedIn reports first quarter financial results for 2013

Business-focused social network, LinkedIn, has revealed its first quarter financial performance for 2013. The report shows the company had a total of revenue of $324.7 million for the period, beating out expectations from analyst firms.

May 3 2013, 3:59am CDT | by

1 Updates
LinkedIn reports first quarter financial results for 2013
 
 

YouTube Videos Comments

Full Story

LinkedIn reports first quarter financial results for 2013

LinkedIn reports first quarter financial results for 2013

 

The company reported non-GAAP earnings per share of $0.45, as compared to expectations of $0.31 earnings on revenue of $318 million. In addition, LinkedIn’s net income was $22.6 million for the first quarter on a GAAP basis and $52.4 million on a non-GAAP basis.

The company climbed to more than 2% in normal trading but went down sharply in after-hours trading. Also, the site’s user base stands at a reported 225 million, with 38% of its total top line in the first quarter coming from its international revenue.

LinkedIn’s Premium Subscription product brought a revenue of $65.6 million, showing a modest growth for the firm from $59.4 million in its sequentially previous quarter.

Investors are expecting rapid growth for the very richly valued company. Estimates peg LInkedIn’s 2013 revenue at around $1.5 billion depending on market conditions and corporate performance.

LinkedIn is currently off 9%, likely due to its predicted second quarter top line earnings of $342 to $347 million. Investors expected around $360 million. The gap between investors’ expectations and its forecasted second quarter revenue may indicate that the company’s growth is slowing, raising questions about its high valuation.

Source: LinkedIn

 

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/21" rel="author">Gene Ryan Briones</a>
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.

 

 

Comments

blog comments powered by Disqus

Latest stories

OS X Yosemite planned for late October
OS X Yosemite planned for late October
Apple is also working on a new MacBook will include a Retina Display that is approximately 12-inches diagonally
 
 
North West Baby Picture Marks a Milestone
North West Baby Picture Marks a Milestone
Kim Kardashian and Kanye West must be very happy to see their daughter North West walking. Kanye took a picture of his baby North West's first step that Kim posted on her Instagram later on.
 
 
Jennifer Lopez celebrates her Birthday with Style
Jennifer Lopez Celebrates her Birthday with Style
The songstress and actress, Jennifer Lopez celebrated her 45th birthday with style.
 
 
Cara Delevingne is in Search of a New Home
Cara Delevingne is in Search of a New Home
Cara Delevingne's parents have asked her to move out of their home. So she has to search for a new home.
 
 
 

About the Geek Mind


Read more about The Geek Mind.