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LinkedIn Shares Surge on Q4 Results (LNKD)

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Linkedin CorporationShares of LinkedIn Corporation (NYSE: LNKD), a professional network on the Internet with more than 90 million members in more than 200 countries and territories, surged on Friday after the company released its fourth-quarter financial results.

The Mountain View, California-based company reported fourth-quarter revenue of $167.7 million, representing an increase of 105% over the same period in the previous year. The company’s net income for the quarter was $6.9 million, compared with $5.3 million reported in the fourth quarter of 2010.


On a non-GAAP basis, the company’s net income for the quarter came in at $13.3 million, compared with $5.2 million reported for the same period in the previous year. Adjusted EBITDA for the fourth quarter was $34.4 million, compared with $16.3 million reported in the fourth quarter of 2010.

For the full year 2011, LinkedIn reported revenue of $522.2 million, representing an increase of 115% over the same period in the previous year. The company’s GAAP earnings per share for the full year rose to $0.11 from $0.07.

Jeff Weiner, CEO of LinkedIn, said that fourth quarter once again exceeded the company’s expectations for member engagement and business growth and it was a fitting end to a memorable year in which the company reinforced its position as the pre-eminent professional network on the web. Weiner also said that the company believes continued focus on its members and technology infrastructure positions it well for accelerated product innovation in 2012.

LinkedIn shares rose to an intra-day high of $91.20 in trading on Friday. The stock ended the day 17.76% higher at $89.96 on above average volume of 13.27 million.

LinkedIn shares are up 13.86% in the last three months, compared with a gain of 6.23% for the S&P 500.

 

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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