LinkedIn issued a sales forecast that lagged analysts’ estimates as growth slowed in its advertising and subscription businesses.
Revenue in the third quarter will be $367 million to $373 million, trailing analysts’ projection for $383.3 million on average. Sales in the second quarter climbed 59 percent to $363.7 million, the company said.
Net income rose 33 percent to $3.73 million, or 3 cents a share, compared with a profit of $2.81 million, or 3 cents, a year earlier.
While all three of LinkedIn’s main units are expanding, growth decelerated in the latest period, raising concern that the two-year rally in LinkedIn shares may be poised to fade. LinkedIn has outperformed other Web-networking companies, more than quadrupling since selling shares to the public in May 2011.
LinkedIn’s biggest revenue generator is its talent-solutions product, aimed at helping recruiters fill jobs. That area slowed to 69 percent growth from 107 percent, while premium subscriptions decelerated to 68 percent expansion from 82 percent.
LinkedIn shares rose in extended trading, after increasing 4.5 percent to $213 at the close in New York, leaving the shares up 86 percent this year.