Investors don't want to connect with LinkedIn.Shares of the professional networking site plunged 11% in after-hours trading Thursday after the company posted solid fourth-quarter earnings and sales but offered a disappointing outlook.
LinkedIn (LNKD) said it expects sales to rise only slightly in the current quarter, to between $455 million and $460 million. Analysts surveyed by Thomson Reuters had expected sales of $470 million this quarter.
The rest of 2014 won't be too much stronger, with LinkedIn predicting total sales of between $2.02 billion and $2.05 billion for 2014. That's far below analysts' forecast of $2.2 billion.
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