10 Updates

LinkedIn Revenue Rises 46%; Firm Tempers Street Outlook

May 1 2014, 4:26pm CDT | by

LinkedIn reported a 46% jump in first quarter revenue, to $473 million, but higher expenses hurt earnings, while the company’s latest update of its overall 2014 outlook fell slightly short of...

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12 weeks ago

LinkedIn Revenue Rises 46%; Firm Tempers Street Outlook

May 1 2014, 4:26pm CDT | by

LinkedIn reported a 46% jump in first quarter revenue, to $473 million, but higher expenses hurt earnings, while the company’s latest update of its overall 2014 outlook fell slightly short of analysts’ hopes. The professional-network company’s shares slipped about 3% in after-hours trading, after having climbed 5% earlier in the day, before the announcement.

In the latest quarter, LinkedIn revenue totaled $473.2 million. The company had a $13.4 million net loss attributable to common shareholders, compared to $22.6 million of net income in the year-earlier quarter. LinkedIn said its earnings before interest, taxes, depreciation and amortization (Ebitda) totaled $116.7 million, or 25% of revenue, in the latest quarter, versus 26% in the year-earlier quarter.

LinkedIn said it expects revenue of $500 million to $505 million in the current, second quarter, with Ebitda of $118 million to $120 million. While those numbers represent continued brisk growth, they raise the possibility that LinkedIn may fall slightly short of Wall Street analysts’ expectations.  Analysts surveyed by First Call have been predicting second quarter revenue of $505 million and Ebitda of $120 million.

For full-year 2014, LinkedIn now expects revenue of $2.06 billion to $2.08 billion, along with Ebitda of $505 million to $510 million. The First Call consensus has been for slightly stronger numbers: revenue of $2.11 billion and Ebitda of $514 million.

About an hour after LinkedIn’s results were released, shares were changing hand at $156.72 apiece. LinkedIn’s shares have skidded about 25% this year, amid concern that the company’s huge run-up last year was overdone. That compares with a 2% gain in the Standard & Poor’s 500-stock index.

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

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

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

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

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken i ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

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

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was reject ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 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, Datuk Ser ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

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

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 states la ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

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

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

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

 
Update
4

7 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 Mi ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 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

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 RM20 mil ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

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

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Ba ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 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 Skyway ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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