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LinkedIn Shares Plunge on Weak Q4 Revenue Outlook

By Warren Paige

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.

October 30th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.