LinkedIn beat Wall Street expectations for its Q4 2015 earnings report, but the company’s stock fell by more than 20 percent after issuing weak revenue guidance for 2016.
LinkedIn Beats the Street, but Stock Tanks on Weak 2016 Guidance
LinkedIn anticipates making less money in 2016 than analysts expected.
eurobanks / iStock / Re/code
The company says it expects to generate $820 million in revenue for the first quarter of 2016 and $3.6 billion for the full year, whereas Wall Street anticipated $860 million for Q1 and $3.9 billion for the year.
LinkedIn said it booked $862 million in revenue and earnings per share of 94 cents in the fourth quarter of last year. Analysts had estimated profit of 78 cents per share on $858 million in revenue. This marks a 39 percent improvement over the same period last year, after accounting for currency changes (and 34 percent without).
https://twitter.com/SchaeferStreet/status/695359593971515394
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This article originally appeared on Recode.net.
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