- Twitter reported slowing user growth setting up that stock to open down 13% the following day.
- Tuesday Facebook told investors that its costs will rise between 50% and 70% next
year — shares opened down 6.6% Wednesday.
- Initially its seemed LinkedIn would complete the crummy social earnings trifecta as the stock tumbled as much as 7% following its after-hours release Thursday. But about 45 minutes after the closing bell the stock was up more than 2.5% to around $208.50.
The professional network reported $568 million in third quarter
revenue, up 45% from the same period last year and ahead of Wall Street
analysts’ consensus estimate.
However, the company’s net loss steepened
to $4.3 million compared to $3.4 million in third quarter 2013. Per
share the loss was 3 cents. Adjusted to exclude stock-based compensation
LinkedIn reported $66 million in net income, up 53% from last year.
This means adjusted earnings per share were 52 cents, 5 cents better
than the Street call.
“LinkedIn demonstrated strength in the third quarter, leveraging the scale created by our member network to deliver growth across all three product lines,” said LinkedIn CFO Steve Sordello in a statement, referring to the company’s talent solutions, marketing solutions and premium subscriptions lines of revenue. “We continue to make aggressive investments in our member and customer platforms in order to realize our long-term potential.”