LinkedIn emerged with better-than-expected first quarter results on Thursday. Shares managed to jump to 5% in after-hours trading. Adjusted earnings per share of 74 cents have been reported by the company, which is higher than the 60 cents than expected. The quarter’s revenue was $861 million.
The increase is seen as a much-needed boost for the company. The last earnings report had disappointed, which sent the company’s stock tumbling down by 40%. In a statement, CEO Jeff Weiner had this to say: “As a result of our new mobile experience, members are increasing their brain activity on LinkedIn, helping drive strong levels of engagement across the platform.”
