10 Updates

LinkedIn's Outlook Falls Short; Stock Skids 11% After Hours

Feb 6 2014, 3:44pm CST | by

It isn’t so easy anymore for social media companies to delight investors. A day after Twitter ‘s quarterly results prompted investors to hit the “Sell” button, LinkedIn weighed in with a cautious...

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23 weeks ago

LinkedIn's Outlook Falls Short; Stock Skids 11% After Hours

Feb 6 2014, 3:44pm CST | by

It isn’t so easy anymore for social media companies to delight investors. A day after Twitter ‘s quarterly results prompted investors to hit the “Sell” button, LinkedIn weighed in with a cautious first quarter outlook that unnerved investors and sent its stock skidding 11% in after hours trading.

It’s not that LinkedIn isn’t growing anymore. For 2013′s fourth quarter, the company reported revenue of $447 million and adjusted earnings of $111 million before interest, taxes, depreciation and amortization (EBITDA.)  Both numbers topped Wall Street’s official estimates, though LinkedIn’s history of beating estimates means many investors probably were looking for even more.

What jolted investors was LinkedIn’s outlook for this year’s first quarter. The Mountain View, Calif., company said it expects revenue of $455 million to $460 million in the current quarter. Analysts surveyed by First Call had been expecting revenue of $470 million.

LinkedIn also warned of an even more severe miss on first quarter profit margins. The company said it expects EBITDA of $106 million to $108 million, for an operating margin of 23%. Analysts tracked by First Call had been expecting EBITDA of $121 million, for a 26% margin.

In its earnings release, LinkedIn didn’t provide much insight on the reasons for this quarter’s new caution. Chief executive officer, Jeff Weiner,  did say the company will be “investing significantly in a focused number of long-term initiatives that will allow us to realize our vision.”

Weiner will field questions from Wall Street analysts later this afternoon. They are likely to pounce on the toned-down outlook, demanding far more detail about any specific areas of slowdown and how the company plans to fix them.

Updates to this story will be coming once the company’s conference call begins.

Source: Forbes Business

 
Update
10

6 weeks ago

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Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

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KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the ...
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Update
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6 weeks ago

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Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

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Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Ra ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

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PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern stat ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

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KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in c ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

6 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

6 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

6 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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