LinkedIn Q2 forecast short of targets


SAN FRANCISCO: LinkedIn Corp shares fell 10% after disappointing revenue forecasts suggested that a revamped mobile app and other new products designed to keep smartphone users engaged will not deliver on advertising growth as quickly as anticipated.

LinkedIn said its current quarter revenue would range from US$342mil to US$347mil, below the US$359.3mil expected on average by analysts. Full-year revenue is forecast at US$20mil. – Reuters

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