LinkedIn has outpaced Wall Street's expectations with its third-quarter results, improving its status as an investor favourite at a time when other internet companies have fallen from grace.
The professional networking company booked a profit in the third quarter, reversing a loss in the same period a year ago as revenue grew at a faster pace than analysts expected.
Its stock climbed $US6.40, or six per cent, to $US113.25 in after-hours trading, after closing down 8 cents to $US106.85 at the end of regular trading.
LinkedIn has been an exception among internet companies that have gone public in recent years. Others, such as Facebook, deals site Groupon and games company Zynga are all trading well below their initial public offering price.
LinkedIn's price has more than doubled since its May 2011 IPO.
LinkedIn said overnight it earned $US2.3 million ($A2.22 million), or 2 cents per share, in the July-September period. That's up from a loss of $US1.9 million, or 2 cents a share, a year ago.
Adjusted earnings were $US25.1 million, or 22 cents per share, in the latest quarter, double what analysts expected.
Revenue grew 81 per cent to $US252 million from $139.5 million. Analysts surveyed by FactSet expected revenue of $244.6 million. The company gets about two thirds of revenue from the various fees it charges to mine the profiles and other data on its website, the rest comes from advertising. It saw increases in all areas.
For the current quarter, LinkedIn is forecasting revenue of $270 million to $275 million, which brackets analysts' expectations of $272.9 million.