LinkedIn shares plummet on weak outlook despite rising sales

Fortune

LinkedIn’s first-quarter revenue gained 35%, edging Wall Street’s expectations, but the career networking website’s weak outlook for the current quarter spooked investors and sent shares tumbling more than 25%. Here are the key points from Thursday’s earnings release.

What you need to know: LinkedIn’s [fortune-stock symbol= »LNKD »] first-quarter revenue grew almost 35% year-over-year, to $637.7 million, with help from each of its three businesses: job listings, marketing and premium subscriptions. Analysts had forecast revenue of $636 million for the quarter, according to Thomson Reuters.

Job listing sales increase 36% to $396 million, or more than 60% of the company’s overall revenue. The marketing unit’s revenue improved by 38% year-over-year while revenue from premium subscriptions rose 28%.

LinkedIn also said Wednesday that its loss grew to $42.6 million, or a negative 34 cents per share, from a $13.5 million loss during the same period last year.

Those numbers reflect « a solid…

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