Tech Down After LinkedIn Warning - Information Technology Roundup
February 05 2016 - 4:41PM
Dow Jones News
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
Linkedin Corp. Class A (NYSE:LNKD)
Historical Stock Chart
From Jul 2023 to Jul 2024