|Published:||Nov 01, 2012 4:33 PM EDT|
|Updated:||Nov 02, 2012 6:31 AM EDT|
MOUNTAIN VIEW, Calif. (AP) - Professional networking site LinkedIn says it made a profit in the third quarter, reversing a loss a year earlier as revenue grew at a faster pace than analysts expected.
Its stock is up 5 percent in after-hours trading.
LinkedIn Corp. said Thursday that it earned $2.3 million, or 2 cents per share, in the July-September period. That's up from a loss of $1.9 million, or 2 cents per share, a year ago.
Adjusted earnings were 22 cents per share in the latest quarter, double what analysts expected.
Revenue grew 81 percent to $252 million from $139.5 million.
Analysts surveyed by FactSet expected revenue of $244.6 million.
For the current quarter, LinkedIn is forecasting revenue of $270 to $275 million, which brackets analysts' expectations of $272.9 million.