The online professional networking company, LinkedIn Corp. (NYSE: LNKD) comfortably beat fiscal third quarter results; however, shares have been under pressure due to a weak outlook for the current quarter. LinkedIn, after the market close on Tuesday said that it earned 39 cents a share on revenue of $393 million, beating analysts’ consensus forecast for earnings of 32 cents a share on revenue of $385 million. For the current, the Company expects revenue to be in the range of $415 million to $420 million while analysts had expected $438 million.
Tag: LNKD
Citigroup Initiates Coverage on 11 Internet Stocks
Citigroup equity research analyst Mark May initiated coverage on 11 Internet stocks on Tuesday.
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Major Movers on May 3; AIG, KRFT, LNKD, OPEN, ADP
Shares of American International Group Inc. (NYSE: AIG), climbed about 5.40% by afternoon trade after the insurer on Friday posted profit of $1.34 per share for the fiscal first quarter, comfortably beating analysts’ consensus estimate of 87 cents a share. Revenue however missed analysts’ expectation. Meanwhile, analysts at JP Morgan Chase reiterated “neutral” rating on the stock. Separately, Barclays Capital raised price target on the stock to $41 from $36, in research note released on Friday to clients. The firm has a “equal weight” rating on the stock.
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LinkedIn Revenue Guidance Disappoints, Shares Tumble in Extended Hours (LNKD)
Ever since LinkedIn Corp. (NYSE: LNKD) went public two years ago, its quarterly results or outlook never disappointed investors with shares often rallying after the earnings releases.
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LinkedIn Confirms Pulse Acquisition (LNKD)
Professional networking site LinkedIn Corp. (NYSE: LNKD) confirmed on Thursday that it will be acquiring a news application-reader, Pulse, a three year old tech start up, in deal estimated at $90 million, according to AllThingsD.
LinkedIn to Acquire News Reading App, Pulse: Media Reports (LNKD)
According to news reports, professional networking website, LinkedIn Corp. (NYSE: LNKD) is close to acquiring Pulse, a news reading app, in deal estimated between $50 million and $100 million.
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Major Movers on February 8; LNKD, CZR, NUAN, RVBD
Shares of LinkedIn Corp. (NYSE: LNKD), a professional network on the Internet, are soaring in trading today after the company reported better-than-expected fourth-quarter earnings, driven by an 81% increase in revenue.
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LinkedIn Continues to Surprise the Street, Gives Upbeat Outlook (LNKD)
One of the very few bright spots in rather struggling social media and networking sector, LinkedIn Corp. (NYSE: LNKD) announced fiscal fourth-quarter results late on Thursday—and once again it did not fail to surprise the Wall Street. The Professional networking site, which was founded by former Paypal employees in 2002, comfortably beat analysts’ consensus estimate—for the seventh time in a row.
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Major Movers on January 10; LNKD, ARO, SVU, TIF, VOXX
Shares of professional networking company LinkedIn Corporation (NYSE: LNDK) edged up on Thursday after the company said that it touched 200 million members mark with users spread across 200 countries and territories and services being offered in 19 different languages.
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LinkedIn Hit 200 Million Members Mark (LNKD)
Professional networking site, LinkedIn Corporation (NYSE: LNDK) reported on Wednesday that it now has 200 million registered users worldwide (200 countries and territories), underscoring Company’s consistently growing user base even as number of other social websites grapple with slowing growth.
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