LinkedIn Stock Drops On ‘Unexpected Deceleration’ Call

By | December 18, 2013

Scalper1 News

LinkedIn’s (LNKD) fourth-quarter revenue is expected to grow 44.7%, slower than previously forecast, after an “unexpected deceleration in order volume” in November, according to a report published Wednesday that sent the social network’s stock down over 4%. ITG Investment Research said Wednesday that it has downwardly revised its Q4 sales estimate for LinkedIn to a range of $437 million to $442 million, or $439.5 million at the midpoint. The Scalper1 News

Scalper1 News