LinkedIn posts 1Q loss as expenses rise

May 01, 2014

LinkedIn suffered a first-quarter loss as the online professional networking service ramped up its investments in projects aimed at attracting more users on the lookout for better jobs and career advice.

Despite the setback, the results announced Thursday surpassed the analyst estimates that sway investors. LinkedIn has cleared Wall Street's financial hurdles in all 12 of its quarters as a public company.

Nevertheless, LinkedIn Corp. has fallen out of favor with investors amid concerns about the company's rising expenses and slowing .

LinkedIn's stock dipped almost 3 percent in Thursday's extended trading after the latest numbers came out.

This year's first-quarter loss translated into 11 cents per share. That contrasted with earnings 20 cents per share last year.

Revenue rose 46 percent to $473 million.

Explore further: LinkedIn posts solid 4Q, but outlook disappoints

not rated yet
add to favorites email to friend print save as pdf

Related Stories

LinkedIn posts solid 4Q, but outlook disappoints

Feb 06, 2014

LinkedIn finished last year with a solid financial performance, but the online professional networking service spooked investors with a forecast indicating that its growth is starting to slow down.

LinkedIn 3Q results sail past expectations

Nov 01, 2012

LinkedIn Corp. outpaced Wall Street's expectations with its third-quarter results, solidifying its status as an investor favorite at a time when other Internet companies have fallen from grace.

LinkedIn's 4Q revenue doubles, stock soars 8 pct

Feb 09, 2012

(AP) -- LinkedIn provided further evidence of online networking's popularity and moneymaking potential with a fourth-quarter performance that got a glowing review on Wall Street.

Recommended for you

Out-of-patience investors sell off Amazon

6 hours ago

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

States ascend into the cloud

13 hours ago

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

15 hours ago

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

15 hours ago

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

User comments : 0