{"id":5861,"date":"2012-02-10T05:29:06","date_gmt":"2012-02-10T05:29:06","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=5861"},"modified":"2012-02-10T05:46:21","modified_gmt":"2012-02-10T05:46:21","slug":"linkedin-quarterly-revenue-beats-estimates","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/5861\/linkedin-quarterly-revenue-beats-estimates\/","title":{"rendered":"LinkedIn quarterly revenue beats estimates"},"content":{"rendered":"<p>Professional networking service LinkedIn posted fourth-quarter revenue that beat estimates thanks to strong product and subscription growth.<\/p>\n<p>LinkedIn, which went public in May, said fourth-quarter revenue was $167.7 million compared with $81.7 million a year earlier, above Wall Street expectations of $159.7 million, according to Thomson Reuters I\/B\/E\/S.<\/p>\n<p>Net income was $6.9 million, or 6 cents per share. Wall Street had expected earnings of 7 cents per share.<\/p>\n<p>This year, LinkedIn said it aims to reach adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in a range of $155 million to $165 million and revenue of $840 million to $860 million.<\/p>\n<p>Average Street estimates for the full year 2012 were $828.2 million in revenue, EBITDA of $149.8 million and earnings of 57 cents per share.<\/p>\n<p>LinkedIn&#8217;s stock was up 2.1 percent in after-hours trade after it closed at $76.39 on Thursday, well above its IPO price of $45.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professional networking service LinkedIn posted fourth-quarter revenue that beat estimates thanks to strong product and subscription growth.<\/p>\n","protected":false},"author":7,"featured_media":5865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[9882],"tags":[25,135,1301,1359],"class_list":["post-5861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-earnings","tag-linkedin","tag-quarterly"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=5861"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5861\/revisions"}],"predecessor-version":[{"id":5872,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5861\/revisions\/5872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5865"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=5861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=5861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=5861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}