LinkedIn released the earnings results from its first fiscal quarter tonight after closing bell, posting earnings of 57 cents per share on $638 million in revenue, a 35% year over year increase. Analysts had been looking for earnings of 57 cents per share on $638 million in revenue. In the same quarter a year ago, the social network reported earnings of 38 cents per share on $473.2 million in revenue.

LinkedIn Corp Stock Dives On Weak Guidance

Key metrics from LinkedIn’s (LNKD) earnings report

LinkedIn Corp (NYSE:LNKD) posted a GAAP loss of 34 cents per share, compared to last year’s net losses of 11 cents per share. Adjusted EBITDA rose from $117 million last year to $160 million this year, making up 25% of revenue.

The social network’s Talent Solutions segment saw revenue rise 36% from last year to $369 million. The business made up 62% of LinkedIn’s total revenue. Revenue for the Marketing Solutions segment increased 38% year over year to $119 million. The segment made up 19& of the social network’s total revenue. Premium Subscriptions revenue increased 28% from last year to $122 million and made up 19% of LinkedIn’s total revenue.

U.S. revenue made up 61% of the company’s total revenue, amounting to $389 million. International revenue amounted to $248 million. Field sales channel revenue was 62% of LinkedIn’s total revenue, amounting to $393 million. Online channel revenue was 38% of total revenue, amounting to $244 million.

LinkedIn’s (LNKD) guidance sends shares into a dive

LinkedIn said it expects adjusted earnings per share of about 28 cents for the second quarter, coming up significantly short of the FactSet consensus estimate of 74 cents per share. The social network expects revenue for the June quarter to be between $670 million and $675 million, however, which is significantly ahead of the consensus estimate of $638 million. The company expects adjusted EBITDA of about $120 million for the second quarter.

For the full year, LinkedIn projects revenue of about $2.9 billion and adjusted EBITDA of about $630 million. The social network expects non-GAAP earnings of about $1.90 per share.