SAN FRANCISCO (AP) - LinkedIn Corp. (LNKD) on Thursday reported fourth-quarter profit of $3 million.
The Mountain View, California-based company said it had profit of 2 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 61 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The online professional networking company posted revenue of $643.4 million in the period, which also beat Street forecasts. Analysts expected $618.6 million, according to Zacks.
For the current quarter ending in March, LinkedIn expects its per-share earnings to be 53 cents.
The company said it expects revenue in the range of $618 million to $622 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $644.7 million.
LinkedIn expects full-year earnings to be $2.95 per share, with revenue ranging from $2.93 billion to $2.95 billion.
LinkedIn shares have increased roughly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $237.97, an increase of 11 percent in the last 12 months.