openPR Logo
Press release

LinkedIn Reports Earnings

Social media website LinkedIn reported company earnings on August 4. LinkedIn is a social networking site which is more like the professional version of Facebook. LinkedIn was created with professionals in mind and is the world’s largest professional network with over 120 million professionals.

The site allows professionals to post resumes, provide current information on contacts and industry, manage their professional identity on the internet as well as pair individuals with people and knowledge through various recruiting solutions in order for professionals to accomplish various goals.

The earnings were posted on LinkedIn’s Company Page and the company’s @linkedin account. The information was also shared via SlideShare Pro Channel and StockTwits who provided tweets about the earnings.

The company attributed its earnings for the quarter ending June 30, 2011 to increased site traffic from members, page views and unique visitors. For the period the company reported that membership moved to 115.8 million, a 61 percent increase in comparison to previous numbers for the previous quarter.

LinkedIn had an average of 81.8 million unique visitors per month and 7.1 billion page views. These statistics contributed to the company generating profits of over $121.0 million dollars. Net Income for the company was recorded as $4.5 million dollars.

Many financial analysts did not view LinkedIn’s profits as true profits as just last week LinkedIn stocks plummeted on the stock market when the market experienced its second crash. LinkedIn stocks fell to a startling 9.4 percent during regular trading Friday. The day closed with stocks ending at 4.4 with a closing price of $91.36, $4.16 down from its closing price before. The loss happened a day after the company reported its earnings.

None-the-less the company’s earning potential made it financially viable for investors. According to Yahoo finance, LinkedIn had a trailing 12-month price-to-earnings ratio of 1,097.93. On Thursday when the company made it earnings public LinkedIn shares jumped from 10%, to $105.40 in after-hours trading. Stock market analysts expect LinkedIn to main momentum despite the fact the company shares recorded low on the stock market on Friday. LinkedIn is poised for future profits as it plays a key role in linking recruiters to prospective applicants through the site, amidst unemployment which is still above 9%. It is expected by the company that a million more professionals will become a part of LinkedIn because of the employment possibilities it offers. Social networking site Facebook is expected to become public next year that is, making its earnings publicly known.

Aaris Internet Solutions Pvt. Ltd. Provides SEO, PPC Management and Social Media Marketing Services. Aaris extends insightful inputs into virtually every area of SEO services, with special expertise in web content and its audit, SEO consulting and training. Sound SEO processes and practices enable Aaris to bring out the best in your site, and also to feature you prominently at all places and times.

The Link, 2nd Floor, Sahkar Nagar,
Andheri Link Road, Andheri(w)
Mumbai 400053.
INDIA
Website : http://www.aarisindia.com
Email : info@aarisindia.com
Phone: 912226733000
Fax : 912226733000

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release LinkedIn Reports Earnings here

News-ID: 189164 • Views: 3507

More Releases from Aaris Internet Solutions Pvt. Ltd

Freedom and Sensitivity: Possible Twitter Troubles Ahead
Twitter has long since been an outlet through which persons can express their thoughts in a free and open manner. This is not withstanding their geographical location to go from being highly volatile or one nestled in freedom. So when a highly offensive topic becomes popular because it’s offensive what should Twitter do? The trending topic in question was #reasonstobeatyourgirlfriend. The hashtag stirred up a love/hate relationship for many Twitter users.
Facebook and Kids: An unhealthy habit?
WASHINGTON- Since its creation Facebook has millions of users globally of varying ages. Facebook in itself has become much an adjective as persons are seemingly ‘Facebooking’. Kids are now spending more hours on Facebook rather than engaging in other holistic activities, a trend which many see as unhealthy. Many psychologists theorize that kids who spend hours on Facebook are more at risk for personality disorder, paranoia, anxiety and alcohol use. Larry

More Releases for Link

Enterprise Routers – Highlights On Opportunities 2025 | TP-LINK, D-Link
Global Enterprise Routers reports provide CAGR Value 2018-2025 and in-depth analysis of Top Players, Geography, End users, Applications, Competitor analysis, Sales, Revenue, Price, Gross Margin, Market Share, Trends and Forecast. Enterprise Routers Report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Enterprise Routersanalysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Download
LAN Card Market | Intel, TP-Link, D-Link, Asus, Tenda
HTF MI published a new industry research that focuses on LAN Card market and delivers in-depth market analysis and future prospects of EMEA (Europe, Middle East and Africa) LAN Card market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and
Global Network Cards Market 2017 : Intel, TP-LINK, D-Link, ASUS, Tenda, FAST, B- …
A market study based on the "Network Cards Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Network Cards Market 2017’. The research report analyses the historical as well as present performance of the worldwide Network Cards industry, and makes predictions on the future status of Network Cards market on the basis of this analysis. Get Free Sample Copy of Report Here : http://bit.ly/2kC8Lzj Top Manufacturers
Global Wireless Network Card Market 2017 - Intel, TP-LINK , D-Link, ASUS, Tenda, …
In depth analysis Covers Major Manufactures of Wireless Network Card Market – Intel, TP-LINK , D-Link, ASUS, Tenda, NETGEAR, Netcore, FAST, B-Link, MERCURY with detail like Company Profile, Product Picture, Specifications, Capacity, Production, Price, Cost, Gross, Revenue and Contact Information. Request For Report Sample Here : https://goo.gl/HwMsuw The 'Global Wireless Network Card Industry, 2017-2022 Market Research Report' is the detailed comprehensive analysis of the current state of the global Wireless Network Card
Link Popularity Inc. Announces Squidoo Link Creation Services
Noida (U.P), India, 11 January 2012 : Link Popularity Inc., a leading link building service in India, has announced the launch of Squidoo link creation services. Squidoo links have emerged as a great way of promoting your website on search engines. Squidoo enjoys high PageRank and having a backlink from it, even if it is from a subpage, helps a website get immense benefit in search engine rankings. Discussing it, a
Link Building King Launches Link Building Services
In the internet, when you want to earn much, you would need to ensure that your products stay at the top list and you have a good marketing strategy that can continuously attract customers. Online businesses like any other non virtual businesses we have need to survive in the form of a good internet marketing strategy. There are many applications and internet tools provided in order to maximize the resources