LinkedIn Beats, Stock Falls, Then Rises
Oct 31, 2014, 01:33 IST
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The company beat expectations. But the stock fell initially in response to the report. After a few minutes of digesting the results, investors changed their minds.
The stock is basically flat now.
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Speaking of which, here are the major numbers:
- EPS: $0.52 versus expectations of $0.47
- Revenue: $568 million, which is up 45% year-over-year, versus expectations of $557.49 million in revenue
- Q4 revenue: $600 million to $605 million versus expectations of $611.55 million
More to come, we're looking at the report now...
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