LinkedIn posts 1Q loss as expenses rise

May 1, 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's 4Q revenue doubles, stock soars 8 pct

Related Stories

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

February 9, 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.

LinkedIn 3Q results sail past expectations

November 1, 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 posts solid 4Q, but outlook disappoints

February 6, 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.

Recommended for you

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.