Yelp also grew revenue 40 percent from the previous year, but to get there, it also discounted non-cash costs such as share-based compensation for its employees. Yelp investors got a shot in the arm in the third quarter of 2015 as the company posted net revenue of $143.6 million, beating Wall Street expectations of $141.42 million. And when Yelp releases its latest quarterly earnings report on Monday, there's no guarantee it will boost investor confidence.Įarnings history. But all those gains have since been erased, and then some. Somewhere in the murky middle lies Yelp, a company that still inspires visions of a comeback for those who remember its stock run higher by 300 percent between March 2012 and March 2014. Since then, it's been a mixed affair: LinkedIn's stock price has doubled - before Thursday's disastrous earnings report that knocked more than 25 percent off LNKD stock's price - while Groupon's drop of nearly 90 percent has been enough to make a sinking battleship jealous. But at the time, companies such as LinkedIn (LNKD) and Groupon (GRPN) created a social media IPO feeding frenzy. By comparison, Facebook (FB) stock has nearly tripled over the same period.Įven at IPO time, market observers cautioned that Yelp had just suffered two consecutive years of net losses. Since it launched, Yelp stock is down more than 20 percent. If you made a long play for Yelp and bought it in March 2012 during its initial public offering, you're still waiting for the company to take flight - or fix its broken wings.
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