Follow Us
LinkedIn reported better than expected earnings on Thursday, but guidance for the upcoming quarter and full year came in at the low end of estimates.
The professional social network reported earnings of $0.38 per share on revenue of $473.2 million for the first three months of this year, compared to Wall Street estimates for earnings of $0.34 per share on revenue of $466.6 million
However, the company projected that it would generate between $500 million and $505 million in the upcoming quarter and between $2.06 billion to $2.08 billion in revenue for the full year, slightly below analyst estimates for $505 million and $2.11 billion, respectively. The stock initially ticked down by as much as 4% in after hours trading. Read more...
More about Linkedin, Stocks, and Business
0 comments:
Post a Comment