Originally published at www.seclive.com
Filing in Focus: LinkedIn 10-Q, May 1, 2014
LinkedIn Corporation (LNKD) announced its first quarter financial results for the fiscal year 2013, posting a net loss with a 46% jump in revenue. The largest professional social network in the world, LinkedIn saw a 46% jump in revenue to $473.2M, beating analyst predictions of $466.6M. The company sustained a net loss of $13.4M and $0.11 per share, a swing from a profit of $22.6M and $0.20 per share in the year-ago quarter. On an adjusted basis, LinkedIn would have made $0.38 per share, exceeding analyst predictions of $0.34 per share. Due to the company's work to expand its presence in China and its Bright acquisition, overall costs and expenses increased 57%. The company increased its annual guidance range from the previously stated $2.02B to $2.05B range to between $2.06B and $2.08B.
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