LinkedIn's Q3 sales beat estimates with 568M dollar sales

LinkedInWashington, Oct 31 : LinkedIn reported its results for the third quarter of the year, beating the estimates on sales 568 million dollars, up 45 percent compared to a year ago and sales of 393 million dollars and non-GAAP earnings per share of 0.52 dollar.

The business-oriented social networking service also reported a wider net loss of 4.3 million dollars, against the net loss of 3.4 million dollars in Q3.

However, non-GAAP net income was 66 million dollars, versus 47 million dollars last year.

The company today has been trading a couple of percentage points higher than its opening price of $198.46 dollars per share in anticipation of strong earnings, the report said. (ANI)