Business

LinkedIn’s outlook disappoints investors

LinkedIn has been the go-to place for businesses to find workers and for people to get job tips and other advice.

Paul Sakuma /AP/File 2012

LinkedIn has been the go-to place for businesses to find workers and for people to get job tips and other advice.

Advertisement

LinkedIn Corp. earnings and revenue soared in the first quarter, but its outlook for the rest of the year disappointed Wall Street. LinkedIn earned $22.6 million, or 20 cents per share, in the first quarter. That’s up from $5 million, or 4 cents, a year earlier. But investors turned sour on LinkedIn’s forecast for the current quarter and the full year. The company said it expects revenue between $342 million and $347 million, short of a $360 million forecast for the second quarter.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com