Tag Archives: lead tech

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

Yahoo Rides Mobile Gains To Q3 Beat; Sales Rise 1%

Struggling Internet company Yahoo, under pressure following a Q2 miss and an activist-investor revolt, late Tuesday posted Q3 earnings that beat expectations as the company saw more gains from its mobile business — even as display ad revenue continues to fall. Yahoo (YHOO) said that its Q3 sales — excluding so-called traffic acquisition costs (TAC), or payments to other websites to carry ads — rose 1% from the year-earlier quarter to $1.09

VMware Beats Q3 Forecast But Bookings Light

VMware showed a few cracks in its armor late Tuesday despite gaining traction in the cloud and elsewhere. The enterprise software company delivered third-quarter results that beat analyst estimates for sales and earnings. Its performance was fueled by continued growth in its core virtualization software and in its newly emerging software-defined data center, hybrid cloud and end-user computing businesses. But the company’s revenue outlook for the