Linkedin founder Reid Garrett Hoffman (L) and CEO Jeff Weiner (R) just before ringing the opening bell of the New York Stock Exchange May 19, 2011.
(Credit: Getty Images) Mark it down as a blowout. LinkedIn earned 35 cent per share on sales of $303.6 million in the fourth quarter ended Dec. 31, 2012, up 81 percent from the same period a year earlier.
Analysts had expected earnings of 19 cents per share on $280 million in revenue.
Net income in the quarter soared 66 percent to $11.5 million, compared to net income of $6.9 million for the fourth quarter of 2011.
Will the numbers be enough to move the needle? Shares closed Thursday at $124.05. In the last year, LinkedIn shares are up more than 60 percent. In after-hours trading, LinkedIn was up initially 11 percent.
In the quarter, LinkedIn announced that it reached the 200 million member mark around the world (up from 187 million Sept. 30) and what management says about the company's operations globally -- where more than two-thirds of LinkedIn's users reside - may determine where the stock heads on Friday. Indeed, revenue from international markets represented 38% of total revenue in the fourth quarter of 2012.
(Credit: LinkedIn) "2012 was a transformative year for LinkedIn," CEO Jeff Weiner said in a prepared statement. "We exited 2011 having successfully revamped our un... [Read more]
by Charles Cooper via CNET
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