Yelp Misses on Earnings, Beats on Revenue in Q3 ift.tt/1cdDRWL Yelp just announced that it posted a third-quarter loss per share, excluding certain items, of four cents on higher than expected revenue of $61.2 million. Wall Street analysts had been expecting on average earnings of one cent per share on $59.4 million in revenue. The stock was down as much as four percent in early after-hours trading, but continuing to bounce around. Yelp also announced it would initiate a follow-on offering of up to $250 million. Yelp said it had integrated Qype’s France and U.K. sites following the 2012 acquisition of the European company. Restructuring and integration costs were $2.8 million for the quarter, up from $1.8 million in the same quarter last year. Yelp continues to grow its presence on mobile; the company said its mobile apps were used on 11.2 million mobile devices on average in the quarter.
Posted on: Tue, 29 Oct 2013 20:51:21 +0000
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