LinkedIn Q2 Results Top Estimates

(RTTNews) - LinkedIn Corp. (LNKD) reported a net loss for the second quarter of $1.0 million or $0.01 per share, compared to net income of $3.7 million or $0.03 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $63 million or $0.51 per share, compared to $44 million or $0.38 per share in the prior year quarter.

Revenue for the second quarter rose 47% to $534 million from $364 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.39 per share on revenue of $510.98 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company forecast revenue of $543 million to $547 million and adjusted earnings of about $0.44 per share. Analyst currently expect the company to earn $0.40 per share on revenue of $540.86 million for the third quarter.

For the full year 2014, the company now forecast revenue of $2.14 billion to $2.15 billion and adjusted earnings of about $1.80 per share. Previously, the company forecast revenue of $2.06 billion to $2.08 billion. Analyst currently expect the company to earn $1.64 per share on revenue of $2.13 billion for the full year 2014.