LinkedIn beats Street, but stock takes a dive
LinkedIn earned 45 cents per share on revenue of $324.7 million in the first quarter, up 72 percent from the year-ago quarter. Though the results were good enough to handily beat analyst estimates, LinkedIn's shares are down around 10 percent in after-hours trading.
The professional social network, which now counts 225 million members, posted net income of $22.6 million.
"Q1 was a strong quarter for LinkedIn with member engagement and financial results reaching record levels," CEO Jeff Weiner said in a statement. "We remained focused on delivering great products that increasingly make LinkedIn the … Read more