LinkedIn posts solid 4Q, but outlook disappoints

LinkedIn posts solid 4Q, but outlook disappoints
Updated 11 March 2014

LinkedIn posts solid 4Q, but outlook disappoints

LinkedIn posts solid 4Q, but outlook disappoints

SAN FRANCISCO: LinkedIn finished last year with a solid financial performance, but the online professional networking service spooked investors with a forecast indicating that its growth is starting to slow down.
The projection released along with LinkedIn Corp.'s fourth-quarter results triggered a 10 percent drop in the company's stock price in extended trading.
The sell-off came a day after Twitter Inc., another Internet service that connects people with common interests, let down Wall Street with a slowdown in its user growth.
LinkedIn's fourth-quarter earnings and revenue topped analyst estimates.
The Mountain View, California, company earned $3.8 million, or 3 cents per share.
That was down 67 percent from $11.5 million, or 10 cents per share, a year earlier.
Revenue climbed 47 percent from the previous year to $447 million.