Linkedin's profits fly by 33% in the second quarter thanks to the growth of users and revenues. The social network for professionals has also raised its outlook for the full fiscal year, which is why the stock managed to gain 7% in the after-hours yesterday, after the publication of the accounts.
In the three months ending in June, the group posted profits of $3,7 million, up from $2,8 million in the same period a year earlier. Earnings per share came in at 38 cents from 16. The figure beat analysts' expectations of 31 cents. Revenues were $363,7 million, up 59% from a year earlier. Also in this case the consensus has been exceeded as well as the estimates of the company itself released last May, equal to 342-347 million, which had disappointed.
For the full fiscal year, LinkedIn expects revenues in the $1,46-1,48 billion range. Society is therefore more optimistic than it was in the past. His forecasts were for 1,43-1,46 billion.
In the last quarter, users increased to 238 million. On an annual basis the increase is 37%. These users also click more: the number of pages visited has risen to 11,7 billion, +25% compared to last year. While waiting for the accounts, which arrived yesterday after the closure of Wall Street, the Linkedin stock had recorded a +4,52% to 213 dollars: the stock had debuted on the Stock Exchange in 2011 at 45 dollars.
