LinkedIn has reported its Q1 2016 earnings with $861 million in revenue and an earnings per share of $0.74. Its user numbers also grew 19 percent to 433 million, something the company called its “strongest net-add quarter since the beginning of 2014.
Wall Street analysts had been expecting $828.47 million in revenue for the quarter and an EPS of $0.56. This also is the first quarter since the professional social networking company forecasted weak guidance. In Q4 2015, LinkedIn predicted revenue to be approximately $820 million with EPS of $0.55 for Q1.
Shares in the company closed the day up 3.49 percent at $123.00 and are up 3.65 percent in after-hours trading after spiking as high as 14 percent right after the market closed.
The company has made quite a few updates over the past few months, including launching its updated Recruiter app, a tool for college students to find their first full-time job, Learning Paths for Lynda.com, and more.
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