Yelp Downgraded As Business Signups Disappoint

By | October 23, 2014

Scalper1 News

Yelp stock plunged on Thursday after the online review site reported Q3 earnings after the close on Wednesday — earnings beat Wall Street views but revealed a second monthly dip in international traffic, gave soft Q4 revenue guidance and showed lower-than-expected local business account additions. Yelp (YELP) said that local revenue, its main business, jumped 66% year-over-year to $85.1 million. But that’s down from 69% in Q2 and 67% in Q1. Yelp Scalper1 News

Scalper1 News