LinkedIn Corp (LNKD) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.74 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.60. The company posted revenue of $861.00 million in the period, compared to analysts expectations of $828.66 million. The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
Many Wall Street Analysts have commented on LinkedIn Corp. Company shares were Reiterated by Mizuho on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 145 from a previous price target of $127 .Shares were Reiterated by Wedbush on Apr 25, 2016 to “Neutral” and Lowered the Price Target to $ 130 from a previous price target of $200 .Shares were Downgraded by MKM Partners on Apr 8, 2016 to ” Neutral” and Lowered the Price Target to $ 130 from a previous price target of $150 .
LinkedIn Corp closed down -3.68 points or -3.00% at $118.85 with 28,74,020 shares getting traded on Wednesday. Post opening the session at $120.89, the shares hit an intraday low of $118.1 and an intraday high of $121.64 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 18, 2016, Patricia L Wadors (SVP Global Talent Organization) sold 3,247 shares at $111.42 per share price. According to the SEC, on Feb 18, 2016, Michael John Callahan (VP, GC and Secretary) sold 933 shares at $106.00 per share price. On Feb 18, 2016, Michael Gamson (SVP, Global Solutions) sold 979 shares at $106.00 per share price, according to the Form-4 filing with the securities and exchange commission.
LinkedIn Corporation (LinkedIn) is a professional network on the Internet. The Company’s three product lines include Talent Solutions Marketing Solutions and Premium Subscriptions. All three product lines are sold through two channels an offline field sales organization which engages with both large and small enterprise customers as well as an online self-serve channel which includes enterprise customers and individual members purchasing subscriptions. The Company’s solutions include Free Solutions and Monetized Solutions. Its Free Solutions includes the service to manage professional identity service to build and engage with professional networks access to knowledge insights and opportunities and ubiquitous access. The Company also provides other solutions which provide members enterprises and professional organizations with functionality and additional benefits.