LinkedIn Shares Soar 19.2% In The Wake Of Impressive Earnings

Right after yesterday’s earnings, LinkedIn shares (NYSE:LNKD) have popped 19.16 percent to 147.86. It is clearly linked to the company’s earnings. Revenue is up 81 percent to $304 million and net income is following the same trend.
Since going public, LinkedIn’s revenue has been steadily going up and net income is finally catching up — compared to the previous quarter, net income is up five times from $2.3 million to $11.5 million.
LinkedIn CEO Jeff Weiner even called 2012 a “transformative year” for the company in a statement. LinkedIn passed 200 million members with good international growth. The product received some improvements, such as a redesign profile page, new API implementations and upgrades to the mobile apps.
Overall, every metric indicates that the company is in a good shape. Contrarily to other companies that were under the IPO spotlights in 2012, LinkedIn fared pretty well. Shares have been up around 200 percent from 74.32 to 147.86 over the last 12 months. Facebook, Zynga and Groupon had more troubles on this ground.
The company’s NYSE IPO dates back to May 2011. Priced at $45 a share, the stock has more than tripled since that time. LinkedIn expects growth to continue. 2013 should be another good year for the social network.

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Original Source  :http://techcrunch.com/2013/02/08/linkedin-shares-soar-19-2-in-the-wake-of-impressive-earnings/