Tech-company stocks fell amid concerns about the growth outlook for some of Silicon Valley's most successful companies in recent years. Shares of LinkedIn plunged by more than 40% after the business networking site warned that its growth will slow in 2016. For the year, LinkedIn said it expects revenue of $3.6 billion to $3.65 billion and earnings excluding expenses of $3.05 to $3.20 a share, well shy of Wall Street estimates. Tableau Software shares fell by more than 50% after the computer-software company gave a bleak earnings outlook for 2016 because of a slowdown in spending by customers.

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

February 05, 2016 16:26 ET (21:26 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Linkedin Corp. Class A (NYSE:LNKD)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Linkedin Corp. Class A Charts.
Linkedin Corp. Class A (NYSE:LNKD)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Linkedin Corp. Class A Charts.