(LNKD) stock went on a roller coaster ride after closer scrutiny of the company’s guidance raised concerns about growth. LinkedIn late Thursday reported better-than-expected Q2 earnings and gave Q3 and full-year guidance above Wall Street estimates, sending the stock up 10% in after-hours trading Thursday. But it quickly reversed as a deeper dive into the numbers showed an unexpected slowdown in display advertising and concerns about LinkedIn’s
LinkedIn reported better-than-expected Q2 earnings after the market close Thursday, but the stock reversed downward after an initial spike in after-hours trading. LinkedIn (LNKD) reported Q2 revenue of $711.7 million, beating the consensus estimate of $680 million and up 33% from the year-earlier quarter. Earnings per share minus items rose 8% to 55 cents, the slowest growth in four quarters but beating the 30-cent estimate of analysts polled by Thomson
LinkedIn (LNKD), the networking site for professionals, is aiming to update its resume with improved earnings for Q2, after its Q1 didn’t get the job done. Though LinkedIn beat estimates when it reported Q1 earnings after the close April 30, the stock plunged 19% the next day after the company’s Q2 outlook came in well below expectations. That was partly due to LinkedIn aggressively spending to reorganize and expand its sales force, and accelerate