Corporate networking site LinkedIn Corp forecast better-than-expected adjusted profit and revenue in the current quarter, helped by a rapid rise in its hiring business.
Shares of the company rose as much as 15 percent to $208 in extended trading.
The company forecast adjusted earnings of about 44 cents per share and revenue of between $543 million and $547 million for the third quarter ending September 30.
Analysts on average were expecting a profit of 40 cents per share on revenue of $540.86 million, according to Thomson Reuters I/B/E/S.
With more than 300 million members, LinkedIn is approaching saturation point among U.S. white-collar workers so is turning to new businesses such as helping employers find staff and mobile advertising.
LinkedIn`s hiring business revenues lept 49 percent in the second quarter.
Though, nearly half of LinkedIn`s 300 million members now access the website through mobile devices, LinkedIn does not break out its revenue contribution from mobile.
Facebook Inc`s mobile advertising accounted for almost two-thirds of advertising revenue in the latest quarter. At Twitter, mobile ads made up 81 percent.
LinkedIn posted a net loss attributable to common shareholders of $1.0 million, or 1 cent per share, compared with a net profit of $3.7 million, or 3 cents per share, a year earlier.
Excluding items, LinkedIn earned 51 cents per share.
Revenue rose to $533.9 million in the quarter ended June 30 from $363.7 million a year earlier.
Analysts on average had expected a profit of 39 cents per share on revenue of $510.98 million.
LinkedIn shares closed at $180.64 on the New York Stock Exchange on Thursday.