LinkedIn Adds Dismal 2016 Guidance To Its Professional Network

Wall Street denied LinkedIn Corp

's request to connect Thursday afternoon as the company issued a gloomy guidance in a quarterly report released just before market close Thursday. The company outlined a fiscal year 2016 guidance of $3.05-$3.20 in non-GAAP EPS and $3.6-$3.65 billion in revenue, a far cry from the $3.67 EPS and $3.91 billion in sales the Street was expecting. The company reported non-GAAP EPS of $0.94 for the fourth quarter and $2.84 for the year, beating expectations of $0.78 and $2.69. LinkedIn beat analysts on revenue expectations for the quarter but were short on the fiscal year. Fourth-quarter revenue came to $862 million, while sales for the year sat at $2.9 billion. Analysts were looking for figures of $857 million and $2.99 billion. LinkedIn's stock was a pariah Thursday afternoon, trading down nearly 25 percent in aftermarket action.