Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of LinkedIn (NYSE: LNKD ) plunged today by as much as 14% after the company reported earnings with disappointing guidance.
So what: Revenue in the first quarter was $324.7 million, easily topping the Street's forecast of $317.1 million. The non-GAAP earnings per share of $0.45 was also well ahead of consensus estimates, which were calling for just $0.31 per share. The real cause for investor concern was conservative guidance.
Now what: Second-quarter outlook calls for revenue in the range of $342 million to $347 million, which is below consensus at $359.2 million. Adjusted EBITDA in the quarter should be $77 million to $79 million. Full-year sales are expected in the range of $1.43 billion to $1.46 billion, also short of expectations. LinkedIn grew its member base to 218 million.
Interested in more info on LinkedIn? Add it to your watchlist by clicking here.
After the world's most hyped IPO turned out to be a dud, many investors don't even want to think about shares of Facebook. But there are things every investor needs to know about this revolutionary company. The Motley Fool's newest premium research report shows that there's a lot more to Facebook than meets the eye. Read up on whether there is anything to "like" about it today to determine if Facebook deserves a place in your portfolio. Access your report by clicking here.