LinkedIn Reports Strong Earnings, But Predicts Slowing Revenue Growth
LinkedIn reported first-quarter revenue of $324.7 million, up nearly 75 percent over the first quarter of 2012, but the company's guidance suggested that its revenue growth will cool, prompting stocks to fall after hours.
LinkedIn reported first-quarter revenue of $324.7 million, up nearly 75 percent over the first quarter of 2012, but the company’s guidance suggested that its revenue growth will cool, prompting stocks to fall after hours.
The company predicted revenue next quarter to be roughly $345 million and for the full year of 2013 of $1.45 billion. The annual revenue would represent 49 percent increase, down from an 86 percent increase between 2011 and 2012.
LinkedIn reported profit for the first quarter of $23 million, compared to $5.0
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