LinkedIn reported second-quarter earnings on Thursday after the market close that easily beat expectations
The social network for professionals reported $534 million in revenue and a profit of $0.51 per share. Analysts had forecast around $511 million in revenue to translate into $0.39 per share of profit.
The news sent LinkedIn shares sharply higher in after-hours trading, up 9% just after the report was released. LinkedIn shares have fallen almost 17% in 2014.
LinkedIn's business model is different from other social media companies like Facebook and Twitter, which rely almost entirely on advertising for revenue. LinkedIn brought in 49% of its second-quarter 2014 revenue through "talent solutions" — helping recruiters and companies find new employees. Another 20% came in the form of premium subscriptions. Read more...
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