LinkedIn Corp. (LNKD) reported first quarter adjusted EPS of $0.45 after the close Thursday, up from $0.15 in the previous year. The consensus estimate was for EPS of $0.31. Revenues jumped to $324.7 million from $188.5 million last year. Analysts estimated revenues of $317.08 million.
The company expects to report second quarter revenues of $342 million to $347 million and between $1.43 billion and $1.46 billion for the full year 2013. The consensus estimates are for revenues of $359.24 million and $1.49 billion.
LinkedIn gapped open sharply lower Friday and is now down 19.01 at $182.66. The stock has pulled back from the highs of the year and has set a week and a half low.
For comments and feedback: editorial@rttnews.com