Despite an increase of 72% of its turnover in the first quarter and a further increase in its profits, LinkedIn 10% drop on the gray market.
LinkedIn's shares fell 10% Thursday in after-hours trading on Wall Street after the announcement of a forecast figure below analysts' expectations, it is true that business, had set the bar very high for professional social network growing rapidly.
The group sees this quarter revenue of between 342 and 347 million, while analysts polled by Thomson Reuters I / B / E / S on average expected $ 359 million.
LinkedIn raised its forecast for the full year of $ 20 million to $ 1.46 billion, but this is still below the consensus was $ 1.49 billion. "The title is a victim of its own success," says Kerry Rice, an analyst at Needham & Co. "They had a very strong acceleration in the fourth quarter, suddenly the market was expecting a similar performance in the first quarter and throughout 2013."
The LinkedIn share jumped about 74% last year, after a successful IPO in contrast to that of its biggest competitor Facebook. In the first quarter, net income rose to $ 22.6 million, or 20 cents per share, against five million (4 cents / share) a year earlier. Excluding items, earnings per share were 45 cents, well above the 31 cents anticipated by analysts. Sales rose 72% to $ 325 million, against 188 million in the first quarter of 2012.
In the post-exchange transactions, as retrograde 10% to $ 181 after closing up 3.52% to $ 201.67 on the New York Stock Exchange. During the meeting, the action had reached a new high at $ 202.88.
LinkedIn's shares fell 10% Thursday in after-hours trading on Wall Street after the announcement of a forecast figure below analysts' expectations, it is true that business, had set the bar very high for professional social network growing rapidly.
The group sees this quarter revenue of between 342 and 347 million, while analysts polled by Thomson Reuters I / B / E / S on average expected $ 359 million.
LinkedIn raised its forecast for the full year of $ 20 million to $ 1.46 billion, but this is still below the consensus was $ 1.49 billion. "The title is a victim of its own success," says Kerry Rice, an analyst at Needham & Co. "They had a very strong acceleration in the fourth quarter, suddenly the market was expecting a similar performance in the first quarter and throughout 2013."
The LinkedIn share jumped about 74% last year, after a successful IPO in contrast to that of its biggest competitor Facebook. In the first quarter, net income rose to $ 22.6 million, or 20 cents per share, against five million (4 cents / share) a year earlier. Excluding items, earnings per share were 45 cents, well above the 31 cents anticipated by analysts. Sales rose 72% to $ 325 million, against 188 million in the first quarter of 2012.
In the post-exchange transactions, as retrograde 10% to $ 181 after closing up 3.52% to $ 201.67 on the New York Stock Exchange. During the meeting, the action had reached a new high at $ 202.88.
