LinkedIn Beats Q3 Estimates, Guides Q4 Lower

LinkedIn Corp (NYSE: LNKD) reported its quarterly results Thursday for the third quarter of 2014. Revenue came in at $568 million, above estimates of $557.49 million, an increase of 45 percent compared to $393 million in the third quarter of 2013.

Non-GAAP diluted EPS for the third quarter was $0.52, above estimates of $0.47 and compared to non-GAAP diluted EPS of $0.39 for the third quarter of 2013.

Non-GAAP net income for the third quarter was $66 million, compared to $47 million for the third quarter of 2013. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets.

GAAP diluted EPS for the third quarter was $(0.03), compared to GAAP diluted EPS of $(0.03) for the third quarter 2013.

The company also issued Q4 2014 Guidance with revenue expected to range between $600 million and $605 million, below estimates of $611.55 million. Adjusted EBITDA is expected to range between $153 million and $155 million. Non-GAAP EPS is expected to be approximately $0.49, below estimates of $0.52.

“LinkedIn made significant progress against several long-term strategic investments we began this year,” said Jeff Weiner, CEO of LinkedIn. “During the third quarter, we took meaningful steps in increasing the scale and relevance of job listings, growing the professional publishing platform, and expanding our member network in new geographies and demographics.”

LinkedIn Corp traded at $204.40 afterhours, up 0.74 percent.