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
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
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