LinkedIn Crashes To 18-Month Lows After Slashing Guidance

Bloodbathery.. it seems at full employment no one needs a new job… or wants to hire? LNKD is downover 20% in the after-hours following a drastic guidance cut. This crashes the stock to its lowest since July 2014…

*LINKEDIN SEES 1Q ADJ. EPS ABOUT 55C, EST. 75C
*LINKEDIN SEES YR ADJ EPS $3.05 – $3.20, EST. $3.77
*LINKEDIN SEES 1Q REV. ABOUT $820M, EST. $867.1M

LinkedIn is providing guidance for the first quarter and full year 2016.

Q1 2016 Guidance: Revenue is expected to be approximately $820 million. Adjusted EBITDA is expected to be approximately $190 million. Non-GAAP EPS is expected to be approximately $0.55. The company expects depreciation of approximately $85 million, amortization of approximately $48 million, and stock-based compensation of approximately $153 million. The company also expects approximately 133 million GAAP fully-diluted weighted shares and 135 million non-GAAP fully-diluted weighted shares.

Full Year 2016 Guidance: Revenue is expected to range between $3.6 billion and $3.65 billion. Adjusted EBITDA is expected to be approximately $950 – 975 million. Non-GAAP EPS is expected to be approximately $3.05 – $3.20. The company expects depreciation of approximately $380 million, amortization of approximately $180 million, and stock-based compensation of approximately $630 million. The company also expects approximately 135 million GAAP fully-diluted weighted shares and 137 million non-GAAP fully-diluted weighted shares.

And the result…