LinkedIn Tanks After Earnings Outlook Falls Far Short

By | April 30, 2015

Scalper1 News

LinkedIn (LNKD) stock was down 25% in after-hours trading Thursday after the social network for business professionals gave a Q2 outlook well below expectations. The company reported Q1 revenue of $638 million, up 35% from the year-earlier period and above estimates of $636.5 million. Earnings per share minus items rose 50% to 57 cents, a penny above estimates. But for the second quarter, LinkedIn estimated revenue of $670 million to $675 million, Scalper1 News

Scalper1 News