360° Coverage : LinkedIn Revenue Rises 46%; Firm Tempers Street Outlook

2 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...

Filed under: news

 
 
 

20 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
2

3 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashi ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

3 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17" hits home. ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Liquid metal batteries to herald new future
Washington, Sep 23 (IANS) Researchers have improved a liquid battery system that could enable renewable energy resources to compete with conventional power plants.
 
 
Obesity increases risk of stress-related diseases
New York, Sep 23 (IANS) If you are overweight, you may be at greater risk of contracting stress-related diseases like type 2 diabetes, heart disease and cancer, says a study.
 
 
Young and overweight? Try this exercise combo
Toronto, Sep 23 (IANS) Combining aerobics with resistance training may be the best exercise for obese teenagers, says a study.
 
 
Arctic Sea ice helps balancing CO2 level
London, Sep 23 (IANS) Arctic Sea ice removes carbon dioxide (CO2) from the atmosphere and if Arctic Sea ice is reduced further, we will be face an increase in atmospheric concentration of CO2, says a study.
 
 
 

Latest from the Network

No deal yet on new n-proposal: Iran
Tehran, Sep 23 (IANS) Ths parties present in the ongoing nuclear talks between Iran and the six world powers have not reached any agreement on the new proposal of the West as a step to resolve the nuclear issue of the...
Read more on Politics Balla
 
Tricks to switch from summer to autumn make-up
London, Sep 23 (IANS) Autumn season calls not only for wardrobe change, but also the makeover of make-up kit. An expert suggests how you can transform make-up from summer to autumn subtly. Natasha Daniel, a head make-...
Read more on Celebrity Balla
 
Syria confirms downing of its aircraft by Israel
Damascus, Sep 23 (IANS/EFE) Syria confirmed Tuesday that the Israeli military shot down one of its aircraft over the tense border between the two countries in the Golan Heights, Syrian state television reported. In a...
Read more on Politics Balla
 
Danny O'Donoghue doesn't own a car
Los Angeles, Sep 23 (IANS) Danny O'Donoghue, the lead singer of The Script band, has revealed that he doesn't own a car. In an interview with The Sun newspaper, the singer, who along with his bandmates has given hits...
Read more on Celebrity Balla
 
NRAI congratulates Bindra
London, Sep 23 (IANS) National Rifle Association of India (NRAI) president Raninder Singh congratulated Olympic champion Abhinav Bindra Tuesday for winning his first Asian Games individual medal, a men's 10 metre air...
Read more on Sport Balla
 
Arctic Sea ice helps balancing CO2 level
London, Sep 23 (IANS) Arctic Sea ice removes carbon dioxide (CO2) from the atmosphere and if Arctic Sea ice is reduced further, we will be face an increase in atmospheric concentration of CO2, says a study. Because of...
Read more on Politics Balla
 
Robert Pattinson, FKA Twigs get cosy
Los Angeles, Sep 23 (IANS) Rumoured couple Robert Pattinson and singer FKA Twigs were spotted getting cosy at Venice Beach in California. Fans captured the stars holding hands as they enjoyed a romantic stroll on the...
Read more on Celebrity Balla
 
Suicides by Indians in Oman on decline
Muscat, Sep 23 (IANS) There has been a fall in the number of suicides by Indians in Oman this year, according to Indian embassy data. On an average, five Indians committed suicide every month in 2013, but this year...
Read more on Politics Balla
 
Harpreet 7th in 25m rapid fire pistol qualifiers
Incheon, Sep 23 (IANS) India's Harpreet Singh finished seventh as Gurpreet Singh and Pemba Tamang failed to impress in the men's 25 metre rapid fire pistol qualification stage 1 of the Asian Games at the Ongnyeon...
Read more on Sport Balla
 
Afghanistan peace depends on US, Pakistan cooperation: Karzai
Kabul, Sep 23 (IANS) Outgoing Afghan President Hamid Karzai Tuesday said that returning durable peace to his conflict-ridden country depends on the cooperation from the US and Pakistan. "Peace in Afghanistan depends...
Read more on Politics Balla