LinkedIn Q1 Results Top Estimates

(RTTNews) - LinkedIn Corp. (LNKD), the world's largest online professional network, reported a net loss for the first quarter was $13.4 million or $0.11 per share, compared to net income of $22.6 million or $0.20 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $47.3 million or $0.38 per share, compared to $52.4 million or $0.45 per share in the prior year quarter.

Revenue for the first quarter rose 46% to $473.2 million from $324.7 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.34 per share on revenue of $466.57 million for the first quarter. Analysts' estimates typically exclude special items.

Looking forward, the company forecasts second quarter revenue of $500 million to $505 million.

The company raised its full year 2014 revenue guidance to a range of $2.06 billion to $2.08 billion from its prior guidance of $2.02 billion to $2.05 billion.

Analysts currently expect the company to post revenue of $505.08 million for the second quarter and $2.11 billion for the full year 2014.