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LinkedIn Issues Poor Guidance

For the fourth quarter, LindedIn beat analyst estimates on both income and revenue. However, the stock company’s stock sank 30% in after-hours trading, because of a disappointing outlook and earnings guidance. “The job networking site said that revenue for first quarter of 2016 is expected to be $820 million and adjusted earnings per share will be 55 cents,” TechCrunch reports. “Investors were discouraged by these numbers.”

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