Despite revenue gains that beat expectations for LinkedIn’s quarterly earnings report Thursday, investors sent the company’s stock falling when the company forecast lower-than-expected guidance. LinkedIn reported revenue of $324.7 million for its most recent quarter, a 72 percent jump from the 188.5 million it brought in a year earlier. Net income also rose to $22.6 million from the $5 million from a year ago. Analysts had expected the company to earn closer to $317 million in revenue.
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LinkedIn's Bright Q1 Dimmed by Weaker Forecast
Posted by: Rachelle Dragani May 3, 2013 11:17 AMDespite revenue gains that beat expectations for LinkedIn’s quarterly earnings report Thursday, investors sent the company’s stock falling when the company forecast lower-than-expected guidance. LinkedIn reported revenue of $324.7 million for its most recent quarter, a 72 percent jump from the 188.5 million it brought in a year earlier. Net income also rose to $22.6 million from the $5 million from a year ago. Analysts had expected the company to earn closer to $317 million in revenue.