LinkedIn Q2 Results Top Estimats; Boosts FY15 Outlook

(RTTNews) - LinkedIn Corp. (LNKD) reported a net loss for the second quarter of $67.7 million or $0.53 per share, compared to a net loss of $1 million or $0.01 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $71.4 million or $0.55 per share, compared to $63.3 million or $0.51 per share in the prior year quarter.

Net revenue for the second quarter rose 33% to $711.74 million from $533.88 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.30 per share on revenue of $679.80 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company forecasts revenue of $745 million to $750 million and adjusted earnings of about $0.43 per share. Analyst currently expect the company to earn $0.43 per share on revenue of $743.68 million for the third quarter.

For the full year 2015, the company now forecasts revenue of about $2.94 billion and adjusted earnings of about $2.19 per share. Previously, the company forecast revenue of about 2.90 billion and adjusted earnings of about $1.90 per share. Analyst currently expect the company to earn $1.93 per share on revenue of $2.91 billion for the full year 2015.