LinkedIn earnings are just fine ahead of Microsoft merger
 

LinkedIn earnings are just fine ahead of Microsoft merger
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Despite selling out for a cool $26.2 billion two months back, LinkedIn still has a job to do.

And it did just fine.*

The professional social network reported 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


The stock increased by 0.25 percent in after-hours trading.* Read more...

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