LinkedIn (LNKD) Shares Lower as ITG Warns of Q2 Pricing, Volume Weakness

May 24, 2012 12:35 PM EDT
Shares of LinkedIn (Nasdaq: LNKD) are down more than 5 percent Thursday afternoon following a note from research firm ITG suggesting pricing and normal seasonality in volume have dipped so far throughout the second quarter. ITG believes this data implies LinkedIn will issue inline quarterly sales, a development which will likely disappoint "as investors have grown to expect upside."

As LinkedIn just reported first-quarter results on May 3rd, the company will not issue this quarter's results until Friday, August 3rd. The Street is currently expecting second-quarter EPS of 16 cents.

LinkedIn shares are below an important level at $100 Thursday afternoon. The stock last traded at $97.28, down 6 percent from Wednesday's close.

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