LinkedIn’s Sales Forecast Trails Estimates on Slow Growth
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LinkedIn Corp. forecast sales that trailed analysts’ estimates, pushing the stock down more than 6 percent, as growth slows in all three of the professional networking site’s businesses.
First-quarter revenue will be $455 million to $460 million, the Mountain View, California-based company said yesterday in a statement. Analysts on average projected sales of $469.4 million, according to data compiled by Bloomberg.