LinkedIn's Guidance Sends Stock Crashing More Than 25%

Wall Street denied LinkedIn Corp (NYSE: LNKD)'s request to connect Thursday afternoon after the company issued a gloomy guidance in its quarterly report released after the market close.

The company outlined fiscal year 2016 non-GAAP EPS of $3.05-$3.20 and $3.6-$3.65 billion in revenue, a far cry from $3.67 EPS and $3.91 billion estimates.

In terms of Q4 earnings, the company reported non-GAAP EPS of $0.94 and $2.84 for the year, beating expectations of $0.78 and $2.69.

LinkedIn beat on revenue expectations for the quarter, but were short on the fiscal year. Fourth-quarter revenue came to $862 million, while sales for the year sat at $2.9 billion. Analysts were looking for figures of $857 million and $2.99 billion, respectively.

LinkedIn's stock was tanking on Thursday afternoon, trading down 26 percent at $142.10 in after-hours action.

In an email to Benzinga, tech expert Sean Udall mentioned that, "My best guess on LNKD is that the job's market is decelerating very rapidly contrary to FED rate HIKE hopes and dreams. Layoffs are being announced in huge big chunks and LNKD is much more tied to the Jobs market now than it was in prior years."