LinkedIn Shares Rally 15% After Earnings, Outlook Top Street View

By Wallace WitkowskiMarketsMarketWatch Pulse

LinkedIn Corp. shares rallied in the extended session Thursday after the social network's earnings and outlook topped Wall Street estimates. LinkedIn shares surged 15% to $142 after hours. The company reported adjusted first-quarter earnings of 74 cents on revenue of $860.7 million. Analysts surveyed by FactSet had estimated 60 cents a share on revenue of $827.8 million. For the second quarter, LinkedIn forecast adjusted earnings of 74 cents to 77 cents a share on revenue of $885 million to $890 million. Analysts had estimated earnings of 71 cents a share on revenue of $885.9 million.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below