LinkedIn Results Tops Street, But Outlook Weak; Stock Down 11% - Quick Facts

(RTTNews) - Online professional network LinkedIn Corp. (LNKD) Thursday reported fourth-quarter net income of $3.8 million or $0.03 per share compared with $11.5 million or $0.10 per share last year.

Results for the recent quarter included stock-based compensation expense of $57 million, among other items.

Excluding items, adjusted earnings for the quarter were $48 million or $0.39 per share compared with $40 million or $0.35 per share a year ago.

Revenues for the quarter were $447 million compared with $303.6 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.38 per share on revenues of $437.84 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter, the company expects revenues of $445 million to $460 million, while analysts expect $470.3 million.

For fiscal 2014, the company projects revenues of $2.02 billion and $2.05 billion, while analysts estimate $2.16 billion.