LinkedIn Stock Falls Below $200 on Lower Guidance for Q1
LinkedIn beat Wall Street estimates for revenue and earnings in the December quarter, but lower-than-expected guidance for the upcoming quarter sent the stock down in after hours trading.
LinkedIn reported earnings per share of $0.39 on revenue of $447.2 million for the fourth quarter, coming in ahead of Wall Street estimates for earnings per share of $0.38 on revenue of $437.8 million.
However, the social network expects to generate between $455 million and $460 million in revenue for the first quarter of 2014, coming in below analyst estimates for revenue of $470 million. That sent the stock tumbling by as much as 12% in after hours trading to just below $200 a share Read more…