Sometimes you can’t win for winning. LinkedIn’s stock price fell more than 10 percent Friday morning. On Thursday, LinkedIn reported higher-than-expect Q3 revenue of $139.5 million, more than doubling last year’s revenue. The company also beat analyst expectations of $128 million for the quarter. LinkedIn reported losses of 2 cents per share. This, too, was better than expected. Non-GAAP earnings per share were 6 cents, beating estimates of 1 cent. Adjusted EBITDA for the quarter was $24.7 million, considerably higher than the company’s projected $12.5-$13.6 million.
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Investors Unwilling to Cut LinkedIn Some Slack
Posted by: Rob Spiegel November 4, 2011 12:11 PMSometimes you can’t win for winning. LinkedIn’s stock price fell more than 10 percent Friday morning. On Thursday, LinkedIn reported higher-than-expect Q3 revenue of $139.5 million, more than doubling last year’s revenue. The company also beat analyst expectations of $128 million for the quarter. LinkedIn reported losses of 2 cents per share. This, too, was better than expected. Non-GAAP earnings per share were 6 cents, beating estimates of 1 cent. Adjusted EBITDA for the quarter was $24.7 million, considerably higher than the company’s projected $12.5-$13.6 million.