LinkedIn Corp. (LNKD) reported first quarter adjusted EPS of $0.45 after the close Thursday, up from $0.15 in the previous year. The consensus estimate was for EPS of $0.31. Revenues jumped to $324.7 million from $188.5 million last year. Analysts estimated revenues of $317.08 million.
The company expects to report second quarter revenues of $342 million to $347 million and between $1.43 billion and $1.46 billion for the full year 2013. The consensus estimates are for revenues of $359.24 million and $1.49 billion.
LinkedIn gapped open sharply lower Friday and declined for the majority of the session. The stock finished down by 26.08 at $175.59 on strong volume. LinkedIn dropped to nearly a 2-week low and fell below its 50-day moving average.
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