LinkedIn (NASDAQ:LNKD) is expected to report its earnings for the third quarter of 2016 on Thursday, October 27th. The company reported solid results in the second quarter, with growth across all its divisions. Net revenues increased 31% year over year to $933 million, which was above consensus estimates of $898 million, as it continued to sell more recruiting tools, sponsored content and premium memberships. The company posted non-GAAP earnings of $1.14 per share in Q2 2016 compared to $0.55 per share in Q2 2015, beating the consensus estimate of 78 cents.
In the upcoming third quarter results, we expect LinkedIn to report over 20% revenue growth, fueled by strong demand across business segments and a robust increase in member engagement. This will further be driven by initiatives such as redesigning member profiles, expanding the mobile ecosystem and publisher network, strengthening jobs listings, and foraying into newer geographies. We also expect some improvement in profitability owing to operating leverage and increased efficiency.
Microsoft, in its recent quarterly earnings conference, stated that its acquisition of LinkedIn was on track and the deal should close by the end of this year. The deal has already received regulatory approval in the U.S., Canada and Brazil and is currently pending before the EU Competition Commission, which has set a Nov 22 deadline to examine the case. 
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Have more questions about LinkedIn?Please refer to our complete analysis for LinkedIn
- Microsoft Goes to the EU to Approve Its LinkedIn Bid, Reuters, Oct 14 2016 [↩]