LinkedIn shares soared Thursday after the company reported both confident forward guidance and better-than-expected quarterly earnings and revenue.
The company said it saw adjusted first-quarter earnings of 74 cents on $861 million in revenue. Analysts, meanwhile, had expected LinkedIn to report earnings of about 60 cents per share on $828 million in revenue, according to a consensus estimate from Thomson Reuters.
Shares in the company spiked more than 15 percent in after-hours trading, but then gave back some of those gains.
Wall Street had only expected LinkedIn to report a 30 percent year-over-year increase in quarterly revenue and 5 percent growth in earnings per share over the previously reported figures from the year-ago period. Instead, the company reported 35 percent revenue growth and a 30 percent increase in adjusted earnings on a year-over-year basis.
Within the company's better-than-expected revenue figure, LinkedIn saw first-quarter revenue of $558 million from "Talent Solutions," $154 million from "Marketing Solutions" and $149 million from "Premium Subscriptions." Wall Street had expected those figures to come in at $539.8 million, $142.3 million and $142.4 million, respectively, according to StreetAccount.