LinkedIn Spikes On Strong Q1 Results; Here Are Its Fastest Growing Segments

Shares of LinkedIn Corp LNKD were trading up almost 7 percent in Thursday’s after-hours session, following the announcement of the company’s Q1 results. EPS of $0.74 and revenue of $861 million – up 35 percent year-over-year - both beat the Street’s consensus, by $0.14 and $32.53 million, correspondingly.

The professional networking company guided for second quarter revenue of $885 million to $890 million, on EPS of $0.74 to $0.77, above the Street’s estimate of $0.71. For the  year, management envisions sales of $3.65 billion to $3.7 billion and EPS of $3.30 to $3.40, compared to a consensus of $3.67 billion and $3.19.

The company attributed Q1 strength to increased demand of its hiring services.

• Hiring revenue surged 27 percent year-over-year, to $502 million
• Marketing Solutions (its ad business) sales rose 29 percent, to $154 million
• Premium Subscriptions revenue spiked 22 percent, to $149 million
• Learning revenue (formerly Lynda.com) came in at $55 million.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.