LinkedIn was one of tech's big winners during premarket trading on Friday following the social networking company's better-than-expected first-quarter results.
NEW YORK (TheStreet) -- LinkedIn(:LNKD) was one of tech's big winners during premarket trading on Friday after the social networking company posted better-than-expected first-quarter results on Thursday.
The Mountain View, Calif.-based firm reported earnings of 15 cents a share on $188.50 million in revenue. Analysts surveyed by Thomson Reuters were looking for earnings of 9 cents per share on $178.58 million in revenue.
LinkedIn grew members 58% year over year to 161 million users and the company raised its full-year guidance.
Investors responded positively to the numbers, pushing LinkedIn's shares up 9.22% to $119.51 in premarket trading.
Shares of Salesforce.com(:CRM) crept up 0.18% to $157.80 after the customer relationship management specialist was upgraded on Thursday by Credit Suisse.
Apple(:AAPL) shares slipped 0.48% to $579.25 before market open.
--Written by James Rogers in New York.
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