LinkedIn posts solid 4Q, but outlook disappoints

LinkedIn posts solid 4Q, but outlook disappoints
In this May 19, 2011 file photo,the LinkedIn logo is displayed in the foyer at headquarters in Mountain View, Calif. LinkedIn Corp. reports quarterly earnings on Thursday, Feb. 6, 2014. (AP Photo/Paul Sakuma, File)

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.

The projection released Thursday along with LinkedIn Corp.'s fourth-quarter results triggered a 10 percent drop in the company's in extended trading.

The sell-off came a day after Twitter Inc., another Internet service that connects people with , let down Wall Street with a slowdown in its user growth.

LinkedIn's fourth-quarter earnings and revenue topped .

The Mountain View, Calif., company earned $3.8 million, or 3 cents per share. That was down 67 percent from $11.5 million, or 10 cents per share, a year earlier.

Revenue climbed 47 percent from the previous year to $447 million.


Explore further

LinkedIn's 2Q earnings, revenue top Street views

© 2014 The Associated Press. All rights reserved.

Citation: LinkedIn posts solid 4Q, but outlook disappoints (2014, February 6) retrieved 21 September 2019 from https://phys.org/news/2014-02-linkedin-solid-4q-outlook-disappoints.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments

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