LinkedIn Corp. (LNKD) is forecasting sales that trail analysts' estimates as growth slows in all three of the professional-networking site's businesses.

First-quarter revenue will be $455 million to $460 million, the Mountain View, California-based company said Thursday in a statement. Analysts on average projected sales of $469.4 million, according to data compiled by Bloomberg.

LinkedIn, whose shares have more than quadrupled since the company's 2011 initial public offering, is headed for its fifth straight quarter of decelerating sales growth. To expand its potential revenue base, LinkedIn is seeking to reach workers overseas, add mobile features and make acquisitions. The company said yesterday that it bought Bright Media Corp., an analytics company that helps match candidates with the right employers, for about $120 million in cash and stock.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Employer-Paid