LinkedIn Corp Tanks After Swinging To A Loss, Posting Weak Outlook

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LinkedIn Corp Tanks After Swinging To A Loss, Posting Weak Outlook

LinkedIn released its fourth quarter earnings report after closing bell tonight, posting 94 cents per share in adjusted earnings, compared to the consensus estimate of 78 cents per share, and revenue of 862 million, against the consensus of $857.6 million. Despite the top and bottom beats, shares of LinkedIn plummeted in after-hours trading, falling by as much as 25% to $144.47 per share as a result of a surprise GAAP loss and weak guidance.

In last year’s fourth quarter, the social network posted earnings of 61 cents per share and $643.4 million in revenue.

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