U.S. professional networking site LinkedIn (LNKD) released its favorable first quarter financial results in the after-hours trading session on Thursday, boosting a big increase of 8.49% in LNKD stock price. LNKD stock price opened higher today and traded higher to close up 2.83%, to end at $109.41 per share, with an intraday volume of 6.27 million shares.
The first quarter financial statements show that the company recognized $188.5 million in revenues, an increase of 101% over last year’s $ 93.9 million. Net profit reached $5 million, an increase of 138% over $2.1 million in the same period last year.