{"id":21273,"date":"2014-05-06T09:21:47","date_gmt":"2014-05-06T13:21:47","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=21273"},"modified":"2014-05-06T09:21:47","modified_gmt":"2014-05-06T13:21:47","slug":"linkedin-corp-nyselnkds-tepid-guidance-drove-its-shares-down","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/linkedin-corp-nyselnkds-tepid-guidance-drove-its-shares-down-21273","title":{"rendered":"LinkedIn Corp (NYSE:LNKD)\u2019s Tepid Guidance Drove Its Shares Down"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 05\/06\/2014 (wallstreetpr) &#8211;\u00a0Weaker 2014 revenue forecast has dragged down <strong>LinkedIn Corp (NYSE:LNKD)<\/strong><b>\u2019s <\/b>shares by more than 8% on Friday. Last week, the social networking company, which aims at bridging the gap between professionals and prospective employers, released revenue estimates that came in below the Wall Street&#8217;s expectations.<\/p>\n<p style=\"text-align: justify;\"><b>Forecasts Lag Behind Expectations<\/b><\/p>\n<p style=\"text-align: justify;\">LinkedIn Corp (NYSE:LNKD)\u00a0forecasts revenue to range in between $500-$505 million in the current quarter, as against the targeted estimate of $505.1 million by the Wall Street. For the year 2014, the company anticipates sales to be in between $2.06-$2.08 billion, which is higher than its previous year&#8217;s estimate but still trails the analysts&#8217; forecast of $2.11 billion.<\/p>\n<p style=\"text-align: justify;\">The company&#8217;s lukewarm guidance eclipsed the impressive first quarter revenue, which rose 46% to $473.2 million, higher than the analysts&#8217; average projection of $466.6 million. Moreover, during the first quarter, the company posted better than estimated non-GAAP earnings at $0.38, higher than the $0.34 estimate.<\/p>\n<p style=\"text-align: justify;\"><b>Prospects Of The East<\/b><\/p>\n<p style=\"text-align: justify;\">In the recent past, LinkedIn is aggressively transitioning from that of an online gathering space for professionals to a more serious employment service provider, and is also currently tapping the potential of mobile advertising platform, original content and marketing solutions for unlocking a separate revenue stream. Also, it is trying to imitate the success it achieved back in the U.S., in international markets. Thus, LinkedIn Corp (NYSE:LNKD)\u00a0\u00a0introduced a Chinese language &#8220;beta&#8221; version of its main website in February, with the goal of capturing market share in the world&#8217;s largest Internet market. However, the company accepted the fact that it will have to keep a watch on what some of its members say on the website.<\/p>\n<p style=\"text-align: justify;\">Nevertheless, Wall Street has set high hopes for the company, which is still growing its top line at solid double-digit-rates, while appealing new members to its growing network.<\/p>\n<p style=\"text-align: justify;\">At the end of the fourth quarter,LinkedIn Corp (NYSE:LNKD)&#8217;s membership grew 8.3 percent to 300 million across the globe. The rate of growth represents a marginal improvement from its 7% growth in the fourth quarter in 2012. LinkedIn&#8217;s fourth-quarter revenue fell below the Wall Street&#8217;s target, which is for the first time since it went public in 2011.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 05\/06\/2014 (wallstreetpr) &#8211;\u00a0Weaker 2014 revenue forecast has dragged down LinkedIn Corp (NYSE:LNKD)\u2019s shares by more than 8% on Friday. Last week, the social [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":14993,"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":[2236],"tags":[2079,815],"stock_ticker":[],"class_list":["post-21273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-linkedin-corp-nyselnkd","tag-nyselnkd","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LinkedIn Corp (NYSE:LNKD)\u2019s Tepid Guidance Drove Its Shares Down - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/linkedin-corp-nyselnkds-tepid-guidance-drove-its-shares-down-21273\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LinkedIn Corp (NYSE:LNKD)\u2019s Tepid Guidance Drove Its Shares Down - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 05\/06\/2014 (wallstreetpr) &#8211;\u00a0Weaker 2014 revenue forecast has dragged down LinkedIn Corp (NYSE:LNKD)\u2019s shares by more than 8% on Friday. 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