LinkedIn Q3 Results Top Estimates; Boosts FY14 Outlook

(RTTNews) - LinkedIn Corp. (LNKD) reported a net loss for the third quarter was $4.3 million or $0.03 per share, compared to net loss of $3.4 million or $0.03 per share for the year-ago quarter.

Excluding items, adjusted net income for the third quarter was $66.1 million or $0.52 per share, compared to $46.8 million or $0.39 per share in the prior year quarter.

Revenue for the third quarter rose 45% to $568.27 million from $392.96 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.47 per share on revenue of $557.49 million for the third quarter. Analysts' estimates typically exclude special items.

Looking forward to the fourth quarter, the company forecasts revenue of $600 million to $605 million and adjusted earnings of about $0.49 per share. Analyst currently expect the company to earn $0.52 per share on revenue of $611.55 million for the fourth quarter.

For the full Year 2014, the company now forecasts revenue of $2.175 billion to $2.180 billion and adjusted earnings of about $1.89 per share. previously, the company forecast revenue of $2.14 billion to $2.15 billion and adjusted earnings of about $1.80 per share. Analyst currently expect the company to earn $1.87 per share on revenue of $2.18 billion for the full year 2014.