Boston, MA 11\/01\/2013 (wallstreetpr) –\u00a0<\/b>LinkedIn Corp (NYSE:LNKD) is a professional online networking platform. It has presence in more than 200 countries and territories with over 90 million members.\u00a0 Members can create profile, share knowledge and find opportunities. The company\u2019s shares continued their nosedive through Thursday, losing 0.23% per share to conclude the session at $223.60. On Wednesday, just a day after posting strong results, company\u2019s stock price fell more than 9%. Its market cap is $24.99 billion.<\/p>\n
LNKD posted largely strong Q3 data. Its revenue came in at $393 million, ahead of its own guidance of $367 million to $373 million. The company\u2019s adjusted earnings turned $92.8 million, once again exceeding its own expectation of $81 and $83 million. In segmental revenue, Marketing Solutions raked in $88.5 million, representing 38% growth year on year. Premium Subscriptions brought in $80 million. The company\u2019s mobile adoption was also impressive, returning 38% increase on unique mobile visitors.<\/p>\n
The company\u2019s biggest undoing was its guidance for the quarter ending December. The company set revenue outlook in the range of $415 million to $420 million. Analysts are however expecting $439 million. On earnings, LNKD outlook reveals something between $98 and $100 million, falling below consensus of $109 million. LNKD typically set conservative outlook, so that the company can exceed its expectations. However, investors don\u2019t take this kindly and that reaction has affected the stock on the browser since it announced the narrow guidance on Tuesday.<\/p>\n
Even with seemingly lower guidance for the next quarter, the professional networking company stands on better grounds to smash its figures and attempt to do the same with Wall Street expectations as it has done previously on several occasions.<\/p>\n
The company has a convergence of strengths which touch on areas such as reasonable debt levels, strong earnings, growing revenue and reduction on operation costs. So this is a stock that has energy to go places and put massive profits into the hands of investors.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 11\/01\/2013 (wallstreetpr) –\u00a0LinkedIn Corp (NYSE:LNKD) is a professional online networking platform. It has presence in more than 200 countries and territories with over […]<\/p>\n","protected":false},"author":32,"featured_media":12122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3304,2079,413,815],"stock_ticker":[],"class_list":["post-12121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-linkedin-corp","tag-linkedin-corp-nyselnkd","tag-lnkd","tag-nyselnkd","entry"],"acf":[],"yoast_head":"\n