Friday, February 05, 2016

LinkedIn Shares Plummet After Sales Outlook Trails Estimates - Bloomberg Business

Another case study in the importance of managing and meeting expectations
"LinkedIn Corp. shares lost almost a third of their value after the professional networking site forecast a year of slower revenue growth amid signs of weakness in sales of advertising and marketing tools.
Revenue will be about $820 million in the first quarter, and $3.6 billion to $3.65 billion for 2016, the company said in a statement Thursday. That missed analysts’ average estimate for $867.1 million and $3.9 billion, according to data compiled by Bloomberg. LinkedIn had 414 million users in the fourth quarter, up from 396 million in the prior period."
LinkedIn Shares Plummet After Sales Outlook Trails Estimates - Bloomberg Business
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