MOUNTAIN VIEW, Calif. – MOUNTAIN VIEW, Calif. (AP) _ LinkedIn Corp. (LNKD) on Thursday reported a loss of $119.3 million in its second quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 89 cents. Earnings, adjusted for stock option expense and pretax expenses, came to $1.13 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The online professional networking company posted revenue of $932.7 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $898.4 million.
LinkedIn shares have decreased 15 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $192.09, a decline of slightly more than 1 per cent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNKD at http://www.zacks.com/ap/LNKD
Keywords: LinkedIn, Earnings Report, Priority Earnings