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.
- How to avoid wasting money on fees
- Maverik launches anti-DUI campaign as UHP...
- Utah coal: A story of families, jobs and...
- School pays tribute to janitor 'Mr. Steve'...
- Balancing act: Quest for work-life balance...
- Israeli man allegedly launched cyberattack on...
- Dave Ramsey says: Dave Ramsey: Make time to...
- A younger generation of farmers gets in the dirt
- There's more to why Americans don't... 13
- The battle over coal struggles to find... 4
- US productivity up 3.3 percent in... 2
- How Medicare is trying to start a... 2
- Randy Shumway: Invest in education to... 2
- World stocks fall after Fed suggests... 1
- Balancing act: Quest for work-life... 1
- Is there a bigger picture to the selfie? 1