LinkedIn plunges on weak outlook

Posted online May 1, 2015 | 6:35 am

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.[[In-content Ad]]

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