Yelp Adds Fewer Local Business Accounts Than Expected

Online review site Yelp in Q3 swung to its second per-share profit ever, following Q2, and beat views. But its revenue guidance and local business account additions lagged expectations and shares tumbled in after-hours trading. Yelp (YELP) late Wednesday said Q3 sales rose 67% from the year-earlier quarter to $102.5 million, exceeding the $99 million consensus estimate of analysts polled by Thomson Reuters. But its Q4 revenue guidance of $107 to

ServiceNow Beats Q3 Estimates As Opportunity Grows

ServiceNow continues to epitomize high growth in a technology company. The enterprise software firm late Wednesday reported third-quarter sales and earnings that beat analyst estimates as it expands beyond its core IT service management software into such areas as human resources, financial management, and sales and marketing departments. ServiceNow’s (NOW) Q3 billings number far exceeded views, and its revenue forecast for the current quarter was

Biotechs Show Fed Chief’s Not Much Of A Stock Analyst

Biotechs keep coming back to the pole position, or near it. In Wednesday’s IBD, the group was No. 1 among 197 industry groups. The group has moved in and out of favor this year, taking the No. 1 spot in mid-January, then fading from grace in April only to retake a leadership role in late September. The group received some negative attention in mid-July when Federal Reserve chief Janet Yellen said valuations were “substantially stretched” for

Analysts Expect Amazon To Post Loss In Q3

Though some investors are getting antsy about all the red, Amazon.com is set to stay the course with another loss when it reports Q3 earnings late Thursday. The e-commerce leader continues to invest heavily in expansion and new products, at the expense — at least for now — of profits. The consensus analyst estimate calls for a per-share loss minus items of 74 cents a share, much wider than the 9-cent loss in the year-earlier quarter. Analysts

Cree analysts turn off lights on slumping stock

LED lighting maker Cree (CREE) on Wednesday lost the support of two formerly bullish analysts who gave up on the slumping stock. Cree late Tuesday reported fiscal first-quarter earnings and sales that missed targets. For the quarter ended Sept. 28, the Durham, N.C.-based company earned 24 cents a share minus items, down 38% from the same period last year. Analysts polled by Thomson Reuters were expecting EPS of 36 cents. The sharp decline in earnings follows eight straight quarters of year-over-year earnings growth. Cree said that sales rose 9% to $428 million, but Wall Street was modeling for $433 million. Cree stock fell 15% to just above 28 on the news Wednesday. It had started the year at 62. Canaccord Genuity analyst Jonathan Dorsheimer downgraded Cree stock to hold from buy and slashed his price target to 29 from 41. “In spite of the fact that we may…