New York, NY - August 3, 2012 (InvestorIdeas.com Newswire) Investorideas.com staff reports on Linkedin.com (NASDAQ: LNKD). InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks and social media stocks reports on trading for Linkedin.com (NASDAQ: LNKD) following second quarter results reported on Thursday. The stock had a morning of $107.98 and is currently trading at $104.89, up $11.38 or 12.17% on just under 5 Million shares.
Investors reacted to the dramatic jump in revenue of 89% compared to the second quarter of the previous year. This is also a stock Wall Street relates to as most of the investment community are now members of the growing business social media community and part of the 175 Million users at Linkedin.com.
Second Quarter Results Summary
Revenue for the second quarter was $228.2 million, an increase of 89% compared to $121.0 million in the second quarter of 2011.
Net income for the second quarter was $2.8 million, compared to net income of $4.5 million for the second quarter of 2011. Non-GAAP net income for the second quarter was $18.1 million, compared to $10.8 million for the second quarter of 2011. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets.
Adjusted EBITDA for the second quarter was $50.4 million, or 22% of revenue, compared to $26.3 million for the second quarter of 2011, or 22% of revenue.
GAAP EPS for the second quarter was $0.03; Non-GAAP EPS for the second quarter was $0.16.
Founded in 2003, LinkedIn connects the world's professionals to make them more productive and successful. With more than 175 million members worldwide, including executives from every Fortune 500 company, LinkedIn is the world's largest professional network on the Internet. The company has a diversified business model with revenue coming from member subscriptions, marketing solutions and hiring solutions. Headquartered in Silicon Valley, LinkedIn also has offices across the Americas, Europe, and the Asia-Pacific.
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