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08-05-2016, 01:18 AM
LinkedIn earnings are just fine ahead of Microsoft merger
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Despite selling out for a cool $26.2 billion (http://mashable.com/2016/06/13/microsoft-linkedin-26-billion/#CI6zh6fJogqw?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=) two months back, LinkedIn still has a job to do.
And it did just fine.*
The professional social network reported (https://investors.linkedin.com/events-and-news/corporate-press-releases/press-release-details/2016/LinkedIn-An**unces-Second-Quarter-2016-Results/default.aspx) second-quarter earnings that beat analysts' expectations in revenue, driven by growth in new members and subscribers.*
But its results also included its largest net loss since going public in 2011. LinkedIn reported a loss of 89 cents per share compared to 53 cents the year prior. Excluding expenses, earnings per share of $1.13 would have beaten expectations of 78 cents per share.*
SEE ALSO: Microsoft buys LinkedIn for $26.2 billion (http://mashable.com/2016/06/13/microsoft-linkedin-26-billion/)
The stock increased by 0.25 percent in after-hours trading.* Read more... (http://mashable.com/2016/08/04/linkedin-earnings-ahead-of-microsoft-merger/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Merger (http://mashable.com/category/merger/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Facebook (http://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Microsoft (http://mashable.com/category/microsoft/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/L_uSoMJRhI4
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Despite selling out for a cool $26.2 billion (http://mashable.com/2016/06/13/microsoft-linkedin-26-billion/#CI6zh6fJogqw?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=) two months back, LinkedIn still has a job to do.
And it did just fine.*
The professional social network reported (https://investors.linkedin.com/events-and-news/corporate-press-releases/press-release-details/2016/LinkedIn-An**unces-Second-Quarter-2016-Results/default.aspx) second-quarter earnings that beat analysts' expectations in revenue, driven by growth in new members and subscribers.*
But its results also included its largest net loss since going public in 2011. LinkedIn reported a loss of 89 cents per share compared to 53 cents the year prior. Excluding expenses, earnings per share of $1.13 would have beaten expectations of 78 cents per share.*
SEE ALSO: Microsoft buys LinkedIn for $26.2 billion (http://mashable.com/2016/06/13/microsoft-linkedin-26-billion/)
The stock increased by 0.25 percent in after-hours trading.* Read more... (http://mashable.com/2016/08/04/linkedin-earnings-ahead-of-microsoft-merger/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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