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LinkedIn Crushes Q2 Earnings Expectations

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

LinkedIn, the popular social network for business, easily beat analyst expectations in the second quarter, boosted by 49 percent growth in its recruiting products division. The company reported earnings per share, excluding some items, of 51 cents on $534 million in revenue. Analysts on average were expecting non-GAAP earnings of 39 cents per share on revenue of $511 million. The results pushed the company’s stock up more than nine percent in after-hours trading.

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