LinkedIn Corp (NYSE:LNKD) released the results from its most recently completed quarter, posting earnings of 38 cents per share on revenue of $473.2 million for the first fiscal quarter. Analysts had been expecting the social network to report earnings of 34 cents per share on $466.7 million in revenue for the quarter. LinkedIn received more than one price target cut before tonight’s earnings report, suggesting that Wall Street was not expected to react positively to the report. Investors have been increasingly concerned by management’s overly confident guidance. The stock has pulled back significantly along with several other momentum stocks of late.

Linkedin

Breaking down LinkedIn’s earnings

Net loss attributable to shareholders fell to $13.4 million for the quarter. Adjusted EBITDA rose to $116.7 million. GAAP diluted losses per share were 11 cents for the first quarter.

In Talent Solutions, LinkedIn Corp (NYSE:LNKD) reported $275.9 million in revenue, compared to analyst estimates of around $262 million. In Marketing Solutions, the social network reported revenue of $101.8 million, compared to analyst estimates of around $113 million. The company posted $95.5 million in Premium Subscriptions revenue, compared to analyst estimates of around $94 million.

U.S. revenue was $284.9 million, while international was $188.3 million. Field sales revenue was $275.3 million, while revenue from the online and direct sales channel was $197.9 million.

LinkedIn moves forward

Earlier this month, LinkedIn Corp (NYSE:LNKD) revealed it had hit 300 million members worldwide—still a far cry from Facebook Inc (NASDAQ:FB), but still big progress, as the social network has added 23 million new members since December.

“The first quarter was strong for LinkedIn in terms of our member engagement and financial results,” said Jeff Weiner, CEO of LinkedIn Corp (NYSE:LNKD), in a statement. “We made significant progress against several strategic priorities including expanding internationally with our China launch, extending our shift to content marketing, and furthering our goal to make LinkedIn the definitive professional publishing platform by giving members the ability to publish long-form content.”

LinkedIn provides guidance

LinkedIn Corp (NYSE:LNKD) said it expects revenue for the second quarter to be between $500 million and $505 million and adjusted EBITDA between $118 million and $120 million. For the full year, the social network projects revenue of between $2.06 billion and $2.08 billion and EBITDA of between $505 and $510 million.