LinkedIn Q2 Profit Tops Estimate; Boosts FY13 Revenue Outlook

(RTTNews) - LinkedIn Corp. (LNKD) reported net income for the second quarter of $3.7 million or $0.03 per share, compared to $2.8 million or $0.03 per share for the year-ago quarter.

Excluding stock-based compensation and other items, adjusted net income for the second quarter was $44.5 million or $0.38 per share, compared to $18.1 million or $0.16 per share in the prior year quarter.

Revenue for the second quarter rose 59% to $363.66 million from $228.21 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.31 per share on revenue of $353.85 million for the second quarter.

Looking forward, the company forecasts third quarter revenue of $367 million and $373 million.

The company raised its full year 2013 revenue guidance to a range of $1.455 billion to $1.475 billion from its prior guidance of $1.43 billion to $1.46 billion.

Analysts currently expect the company to post revenue of $383.79 million for the third quarter and $1.50 billion for the full year 2013.