LinkedIn stock plunges on Q2 outlook
01 May 2015
LinkedIn is less of a Wall Street darling today: Its stock value (NYSE:LNKD) dropped more than 20 percent between yesterday’s close and today’s opening on news that it expected choppy waters in Q2.
By mid-day, LinkedIn shares were trading at about $200, down almost $52 from Thursday’s close.
Revenue for Q1 was $637.7 million (34.8 percent better than Q1 2014) which beat estimate