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

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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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24 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.

 
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2

7 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 slashing the workforce of 20,000 by 30 per c ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 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 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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