Facebook Fires Up for IPO: Tech Weekly
LinkedIn (LNKD) reported strong first-quarter earnings on Thursday, led by strong growth in its largest segment.
The social networker reported earnings of 15 cents a share on $188.50 million in revenue for the March-ended period. Analysts polled by Thomson Reuters were expecting earnings of 9 cents a share on $178.58 million in revenue. Sales at Hiring Solutions, its biggest segment, soared 121% to $102.6 million.
LinkedIn also gave better-than-expected second-quarter revenue guidance, and raised its full-year outlook. The social networking company expects second-quarter revenue to be between $210 million and $215 million. Wall Street expects $207.93 million in revenue.
LinkedIn also said it's acquiring SlideShare for $118.75 million in cash and stock.
Shares of LinkedIn soared this week, gaining 11.5% to finish at $117.30.Research In Motion (RIMM) presented its new BlackBerry 10 operating system this week, but investors weren't impressed. CEO Thorsten Heins showed off the operating system at a developer conference in Florida as RIM tries to regain lost market share. Heins also unveiled a prototype BlackBerry 10 device, which lacked the gadget's traditional keyboard. Shares of Research In Motion finished the week 15.0% lower at $12.01.
There are more tech earnings next week from companies such as Rackspace (RAX), Cisco (CSCO), priceline.com (PCLN) and AOL (AOL). It's been a long week, with a slew of economic data and tech earnings. Next week has even more, so enjoy the weekend, watch the Kentucky Derby and have a few mint juleps before it all starts again bright and early Monday morning. Interested in more on Rackspace? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. -- Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: tips@thestreet.com
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
