Linkedin (NYSE:LNKD) released results yesterday after the close. They both beat expectations and provided above consensus guidance. Specifically, revenue reached $880 (up +37% yoy) with EPS at 78 cents (a 32 cent beat), while guidance was for $845-$850 revenue and EPS of 74 cents (vs consensus of $846 and 67 cents). The bears would quickly point out that despite these figures, the company is still trade at above 100x earnings. So let’s take a closer look and see if we should be short the stock.
To read the entire article go to: LinkedIn: An Overvalued MySpace Or A Must-Have Product?