There's no question that LinkedIn's outlook left something to be desired relative to consensus estimates, but even still it hardly seems warranted for shares to lose nearly half of their value overnight.Īdjusted earnings per share in 2016 are expected to be in the range of $3.05 to $3.20, which represents 10% earnings growth at the midpoint. Full-year 2016 sales should be in the range of $3.6 billion to $3.65 billion. Revenue in the first quarter should be right around $820 million. By most metrics, the fourth quarter was a solid one, but guidance was the real kicker. Page views per unique visiting member increased 17%, and mobile continues to be the preferred method of access for the service. Thanks to continued focus on apps and content, engagement is on the rise, too. LinkedIn's global member base also grew to 414 million. Both top- and bottom-line results were notably better than the Street's expectations of $857 million in revenue and an adjusted profit of $0.78 per share. Non-GAAP net income came in at $125.7 million, or $0.94 per share. Revenue jumped 34% to $862 million, and adjusted EBITDA was $249 million, or 29% of revenue.
The fourth-quarter results alone weren't all that bad. What caused the plunge? Could it really be that bad?
Linkedin stock drop professional#
The professional social network saw shares plunge by 44% on Friday following its fourth-quarter earnings release. As if this year hadn't started off bad enough for the broader market, LinkedIn ( LNKD.DL) just made it undeniably clear that this 2016 will not be for the faint of heart.
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