LinkedIn Beats Q1 2016 Estimates On Solid Revenue Growth, Tax Benefits
LinkedIn (NASDAQ:LNKD) posted solid first quarter 2016 results last week, with growth across all its divisions. Overall revenues increased 35% year-over-year (y-o-y) to $861 million driven by a 41% sales increase in Talent Solutions. The company reported non-GAAP earnings of $0.75 per share in Q1 2016 compared to $0.58 per share in Q1 2015 and analyst consensus estimates of $0.60 per share.
For the second quarter ending June 2016, the company expects non-GAAP EPS of $0.74-$0.77 against an analyst consensus estimate of $0.71. In terms of top line, it expects Q2 2016 revenue of $885-890 million and full year 2016 revenue to be around $3.65-$3.70 billion, meeting the analyst consensus estimate of $3.67 billion.
Have more questions about LinkedIn? See the links below.
- LinkedIn Q1 2016 Review: U.S. Vs. International Growth
- 2015 In Review: LinkedIn, Facebook And Twitter
- Can LinkedIn’s New Mobile App Increase User Engagement?
- Is LinkedIn Ready To Face Competition?
- What Is LinkedIn’s Revenue and EBITDA Breakdown?
- What Is LinkedIn’s Fundamental Value Based On Expected 2016 Results?
- By What Percentage Did LinkedIn’s Revenue & EBITDA Margin Change In The Last 5 Years?
- How Has LinkedIn’s Revenue Composition Changed In The Last 5 Years?
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