ADVERTISEMENT

Yelp plunges after sales outlook misses estimates (YELP)

Yelp's stock is still up about 129% for the past year.

null
ADVERTISEMENT

The business-reviews site said it expected first-quarter revenue in a range of $195 million to $199 million. But analysts had estimated $204.4 million, according to Bloomberg.

Yelp reported adjusted earnings per share (EPS) of $0.27 for the fourth quarter, topping the forecast for $0.25. Net revenue was $194.8 million, a hair above the estimate for $194.4 million. "Jeremy Stoppelman in the earnings release.

Local advertising accounts — an important metric that tracks how many small businesses are patronizing Yelp — grew 24% year-over-year in Q4 to about 138,000.

ADVERTISEMENT

The stock's drop in after-hours trading was a blip, as it gained 129% in the year through Thursday's market close.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

10 most dangerous African countries in 2024

10 most dangerous African countries in 2024

Russia’s nuclear influence expands further north of Africa

Russia’s nuclear influence expands further north of Africa

Navigating the future: How AI transforms selling on Amazon

Navigating the future: How AI transforms selling on Amazon

Wall decor tips: Transforming your space with style and creativity

Wall decor tips: Transforming your space with style and creativity

Putin's African diplomacy: Security talks with West, Central Africa take centre stage

Putin's African diplomacy: Security talks with West, Central Africa take centre stage

Infinix users get over 35% exclusive discount on Showmax premier league & general entertainment subscription

Infinix users get over 35% exclusive discount on Showmax premier league & general entertainment subscription

10 longest bridges in Africa

10 longest bridges in Africa

India issues free heart surgeries to 150 Ugandan children

India issues free heart surgeries to 150 Ugandan children

Ethiopians voluntarily give back 80% of the money they had illegally taken

Ethiopians voluntarily give back 80% of the money they had illegally taken

ADVERTISEMENT