LinkedIn Corp. (LNKD) reported first quarter non-GAAP EPS of $0.57 after the bell Thursday, which beat the consensus estimate of $0.56. The company expects to report second quarter non-GAAP EPS of approximately $0.28 and approximately $1.90 for the full year. The consensus estimates are for EPS of $0.74 and $3.03.
LinkedIn gapped open dramatically lower Friday morning and slipped further in early trade, before settling into a range. The stock closed down by 46.92 at $205.21 on the highest volume of the year. LinkedIn sank to nearly a 5-month low and dropped below its 200-day moving average.
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