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LinkedIn's Q4 disclosure soars past Street views

By Michael Liedtke

Associated Press

Published: Thursday, Feb. 7 2013 10:11 p.m. MST

FILE - In this Monday, May 9, 2011 file photo, LinkedIn Corp., the professional networking Web site, displays its logo outside of headquarters in Mountain View, Calif. Linkedin is reporting their fourth quarter 2012 earnings on Thursday, Feb. 7, 2013. (AP Photo/Paul Sakuma, File)

Associated Press

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SAN FRANCISCO — Online professional-networking service LinkedIn's fourth-quarter performance added another line to its sterling resume as a public company.

The results announced Thursday extended LinkedIn Corp.'s uninterrupted streak of exceeding analysts' projections for both earnings and revenue. It marked the seventh consecutive quarter since LinkedIn's May 2011 IPO that the company has pulled that off, to the delight of investors.

The run of pleasant surprises is one of the reasons that LinkedIn's stock has tripled from its initial public offering price of $45. The shares surged $12.11, or nearly 10 percent, to $136.20 in extended trading after the numbers came out.

LinkedIn earned $11.5 million, or 10 cents per share, during the final three months of last year. That marked a 66 percent increase from $6.9 million, or 6 cents per share, a year earlier.

If not for the costs of employee stock compensation and certain other charges, LinkedIn said it would have earned 35 cents per share. That was far above the average estimates of 19 cents per share among analysts surveyed by FactSet.

Revenue soared 81 percent from the previous year to $304 million — about $24 million above forecasts.

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