Its member metrics show consistent growth, and these rates. "LinkedIn knows the global economy is slowing considerably, and that bodes poorly for hiring and their bottom line. Additionally, LinkedIn increased its members by 36 year-over-year, unique visitors grew by 26, and total page views increased 43. "Outside Facebook, the entire social media sector is under severe pressure and has been for the past year," said Adam Sarhan, CEO of Sarhan Capital. ![]() “We enter 2016 with increased focus on core initiatives that will drive leverage across our portfolio of products.” “Q4 was a strong quarter for LinkedIn, bringing to a close a successful year of growth and innovation against our long-term roadmap,” said Jeff Weiner, CEO of LinkedIn, in a statement. LinkedIn projected 2016 first-quarter earnings per share of 55 cents, which would be down 3.5 percent from a year prior and falls short of the 74 cents per share analysts were expecting. But that came in far short of analysts' expectations, which had pegged their estimates at $866.86 million in revenue. The company's forecast for the first quarter was $820 million in revenue, which would represent a 28.5 percent year-to-year increase from the $638 million LinkedIn posted in the first quarter of 2015. Worse yet was the professional social network's outlook for 2016. LinkedIn Corporation (LNKD) Stock Price - 30 Days | FindTheCompany "This is another example of how companies in their early development are challenged by the quarterly assessment under the public market microscope.” When LinkedIn's stock nose-dived last week after earnings, even its CFO admitted that he was 'pretty surprised' by its. Gellert said LinkedIn is positioned to be stable. “Like Facebook, Twitter and other social technology companies, LinkedIn is investing in its growth and providing future value to its user base," said James Gellert, CEO of Rapid Ratings, a research and analytics firm. LinkedIn saw its costs and expenses grow more than 39 percent from $629.3 million in the fourth quarter of 2014 to $877.8 in the most recent period. Revenue for all of LinkedIn's major products was up year over year, so the drop in profit came as a result of growing costs. For the final three months of 2015, LinkedIn posted a net income of $126 million, down 50 percent from the $254 million net income it reported a year ago. Those figures beat analysts' estimates' of $857.59 million in revenue with earnings per share of 78 cents.īut while revenue was up, profit was down. The company also posted earnings of 94 cents per share, which are up 51.6 percent from 62 cents per share a year ago. The Mountain View, California, company posted revenue of $862 million, up 34 percent year to year from $643 million for the same period in 2014. SAN FRANCISCO - LinkedIn shares plummeted more than 25 percent in after-hours trading Thursday following the release of the company's fourth-quarter earnings, in which the professional networking site outlined a worse-than-expected forecast entering 2016 and reported net income down from a year prior due to growing expenses. Chris Ratcliffe/Bloomberg via Getty Images The stock has traded in a 52-week range of $61.28 to $125.50.LinkedIn, the professional social network, released its earnings results for the final quarter of 2015 on Thursday. ![]() SHARE ACTION: LinkedIn shares fell $2.56, or 2.2 percent, to $112.26. Accelerating growth and an increase in its user base has helped LinkedIn get on investors' good sides. But investors have embraced LinkedIn since its IPO on May 19, 2011, a year before Facebook's. ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported a Q1 2023 sales decline of 63 Y/Y to 1.37 billion, missing the. Other than LinkedIn, all trade below their initial public offering prices. ZIM Stock Tumbles After Q1 Earnings and Dividend Halt: The Details. ![]() He downgraded LinkedIn to "Equal Weight" from "Overweight."īACKGROUND: LinkedIn was the first of the big social networking companies and new Internet companies to go public, preceding Facebook Inc., Zynga Inc. He added that with LinkedIn's stock now trading at a premium to its peer companies and near his target price of $125, his "bullish outlook is largely factored in." THE SPARK: "The stock has significantly outperformed both the market and peers over the past 12 months and we remain positive on both the short-term (fourth-quarter) as well as the long-term outlook," wrote analyst Mark May in a note to investors. fell Wednesday after a Barclays analyst downgraded the professional networking service saying its stock price has enjoyed a good run but may now be too high.
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