LinkedIn stocks plummet over weak growth prospects despite beating market sales expectations

LinkedIn has although beat analyst expectations in Q1 by reporting sales of 638 million dollars, up 35 percent year on year, and non-GAAP earnings per share of 0.57 dollar but its stocks have taken a hit in after-hours trading.

The company's stocks went down by more than 27 percent because of its weak outlook for Q2, which is falling short of analyst expectations. After the earnings call, shares stabilized at around 20 percent drop, reported TechCrunch.

The social network, which boasts of having 350 million users worldwide, predicted that it would see revenues between 670 million and 675 million dollars in Q2, with EBITDA expected to be approximately 120 million dollars and non-GAAP EPS coming right down to 0.28 dollar. These figures however, are significantly lower than what analysts had been anticipating.

LinkedIn has beaten earning expectations in every quarter since it went public in May, 2011.