Categories AlphaGraphs, Earnings, Retail, Technology
Yelp stock plunges after Q3 revenues miss estimates
Yelp Inc. (YELP) Thursday reported higher earnings and revenues for the third quarter, but the top-line missed estimates. The company’s stock plunged 27% following the announcement.

Revenues of the company, which provides crowd-sourced online review service, increased to $241.1 million in the third quarter from $223.3 million last year but missed estimates.
Net income moved up to $14.9 million or $0.17 per share during the three-month period from $8 million or $0.09 per share in the year-over period. Analysts had expected earnings of $0.08 per share.
“We remain positive about the move to more flexible and dynamic advertising terms, as we believe the shift greatly increases our long-term sales opportunity and opens up additional levers to expand Yelp’s sales reach and profit margins,” said Yelp CEO Jeremy Stoppelman.
Yelp shares closed Thursday’s session lower, after falling 6% over the past twelve months. The stock dropped further in the after-hours following the announcement.
Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips
Most Popular
Infographic: Highlights of Block’s (SQ) Q2 2022 earnings report
Block, Inc. (NYSE: SQ), previously known as Square, Thursday reported a sharp decline in second-quarter adjusted earnings, hurt by continued weakness in top-line performance. Second-quarter earnings, adjusted for one-off items,
Infographic: A snapshot of Beyond Meat’s (BYND) Q2 2022 earnings
Beyond Meat, Inc. (NASDAQ: BYND) on Thursday reported a wider loss for the second quarter of 2022 amid a decrease in sales. The results also missed Wall Street’s projection. The
Alibaba (BABA) remains confident in long-term growth opportunities and resilience of business model
Shares of Alibaba Group Holding Ltd. (NYSE: BABA) were up over 2% on Thursday. The stock gained as much as 5% after the company delivered better-than-expected results for the first