LinkedIn Q2 Earnings Beat The Street: $228.2M In Sales; EPS of $0.03

Enterprise-focused social network LinkedIn has just released Q2 earnings. It's posted revenues of?$228.2 million and earnings per share of?$0.03 ?(non-GAAP EPS: $0.16). This puts the company past earnings estimates from First Call of?$216.3 million, and?Yahoo Finance, which had?estimated?revenues of $216 million. It also beat First Call's EPS of?$0.01, as well as?LinkedIn's own guidance of revenues of?$210-$215 million. Q2 saw LinkedIn get hit with what might have been its worst publicity disaster in recent times, when some 6.5 million passwords were stolen. Although the company moved quick to create password changes, the breach would have put off users from relying too much on putting data into that social network, or using it for and paid services, but these results show that clearly it was not hit as hard as people might have thought.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/kJpo7M5hudM/

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