LinkedIn plunges on weak outlook

LinkedIn shares plunged 27 percent in extended trading on a weak outlook.

On Thursday, the professional networking company reported first-quarter earnings of $73 million, or 57 cents a share, and increased revenue of $637.7 million.

Both figures were weaker than Wall Street projections, according to USA Today.

For the second quarter, LinkedIn projected revenue of $670 million to $675 million and adjusted earnings per share of 28 cents. Analysts had expected earnings of 74 cents on revenue of $717.5 million.

Read more from USA Today.