Following its red-hot stock market debut in May, LinkedIn Thursday reported quarterly earnings as a publicly traded company for the first time. Its results did not disappoint Wall Street. The professional networking site beat analyst expectations for the second quarter, with revenue growing 120% to $121 million from $54.9 million a year ago. It posted a profit of $4.5 million, or 4 cents a share, compared to $4.3 million in the year-earlier period.
Analysts had forecast a loss of 3 cents a share on revenue of $104.7 million.
MediaPost Publications LinkedIn Tops Wall Street Expectations, 120% Rev Growth 08/05/2011