LinkedIn stocks plummet over weak growth prospects despite beating market sales expectations
LinkedIn has although beat analyst expectations in Q1 by reporting sales of 638 million dollars, up 35 percent year on year, and non-GAAP earnings per share of 0.57 dollar but its stocks have taken a hit in after-hours trading.
The company’s stocks went down by more than 27 percent because of its weak outlook for Q2, which is falling short of analyst expectations. After the earnings call, shares stabilized at around 20 percent drop, reported TechCrunch.