LinkedIn just announced its first quarter earnings and it beat on both EPS and revenue. Here are the numbers:
- EPS: $US0.38 (compared to analyst estimates of $US0.34)
- Revenue: $US473.2 million (compared to analyst estimates of $US466.57 million)
The stock has been fluctuating in reaction to the news, but it’s been negative the whole time. Right now it’s down 3%.
We’re not sure what’s up, but we’re trying to figure it out, if you have any ideas let us know in the comments!
LinkedIn’s revenue guidance for Q2 was between $US500 million and $US505 million, compared to analyst estimates of $US505.08 million, so that’s a little low.
Here’s the full press release:
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