Yelp Tanks Following Better-Than-Expected Earnings Report

By Alex Wilhelm


Yesterday Yelp reported its second quarter earnings, beating on revenue, and announcing that it was profitable in the period, a first for the company.
Its shares rose, and then fell in after-hours trading. Yelp opened down today, and is currently off nearly 12%.
What’s going on? With $88.8 million in revenue, and $0.04 in per-share profit, Yelp more than hit its big numbers. However… Read More

Source: Technology


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