John Petrides, managing director & portfolio manager at Point View Wealth Management, discusses the plunge in the shares of Facebook, Twitter and Yelp overnight.» Read More
July 29- Selling itself could be one of the few options left for Yelp Inc, which is struggling to win advertising dollars in an increasingly crowded market that already includes Google Inc, TripAdvisor Inc and GrubHub Inc.. Yelp, owner of consumer review website Yelp.com, reported a second-quarter loss on Tuesday and forecast revenue for the current quarter...
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Yelp Inc., down $8.45 to $25.06. Twitter Inc., down $5.30 to $31.24.
U.S. stocks closed higher after the Fed kept rates unchanged and the continued recovery in oil prices encouraged investor sentiment.
*Fed statement expected at 2 p.m. ET. In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET.
*Fed statement expected at 2 p.m. ET. *Yelp falls sharply after revenue misses expectations. The statement is expected at 2 p.m. ET.
Shares of Yelp, the online business review site, plunged about 17 percent Tuesday after it reported a surprise second-quarter loss.
Some of the names on the move ahead of the open.
July 29- U.S. stock index futures rose on Wednesday on hopes that Beijing could stem the rout in its markets and ahead of a statement from the U.S. *In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET.
Yelp reports surprise earnings loss and cuts its revenue guidance for the current quarter.
With Twitter and Yelp shares plummeting and Facebook set to report earnings, "Fast Money" traders looked at Internet stocks.
The "Fast Money" traders awarded their final grades to the Gilead, Twitter and Yelp following their quarterly earnings reports.
Check out the companies making headlines after the bell Tuesday: Yelp, Akamai, Panera & more.
Yelp CEO Jeremy Stoppelman says the company will ramp up its marketing efforts for the third and fourth quarters. CNBC's Josh Lipton provides insight from the earnings call.
July 28- Yelp Inc, the operator of consumer review website Yelp.com, reported a surprise loss and forecast revenue for the current quarter that fell far below market expectations, sending its shares plummeting in after-hours trading on Tuesday. Yelp, whose shares fell as much as 16 percent in extended trading, said it expected to report net revenue of $139...
*Focus on corporate results eclipses China worry. *Twitter and Gilead up after the bell; Yelp drops. "The S&P has had five down days in a row and a lot of people are starting to nibble," said Michael Matousek, head trader at U.S. Global Investors Inc in San Antonio, which manages about $1 billion.
SAN FRANCISCO— Yelp is getting skewered by investors after the online business review service sank to a second-quarter loss and dimmed its outlook amid a slowdown in its digital advertising sales. He predicted Yelp could be generating $1 billion in annual revenue by 2017, more than doubling from a projected $545 million to $550 million this year.
July 28- Yelp Inc, the operator of consumer review website Yelp.com, reported a 50.8 percent jump in quarterly revenue as more businesses advertised on its platform. However, Yelp reported a net loss attributable to common stockholders of $1.3 million, or 2 cents per share, in the second quarter ended June 30 compared with a profit of $2.7 million, or 4 cents per...
Yelp is reporting a loss in earnings per share on revenue of $134 million, with CNBC's Josh Lipton.
NEW YORK, July 28- Investors in social media shares have zeroed-in on Facebook Inc, piling into stock options to add bullish bets on the company in the days ahead of its Wednesday earnings. The ascent has made Facebook one of the ten largest S&P companies in terms of market capitalization, with the stock now worth more than $260 billion- surpassing decades-old...
*Baidu slumps after results miss expectations. China's top securities regulator said on Monday that Beijing would keep buying shares to stabilize the market, after the steepest decline in Chinese stocks in eight years. Baidu slumped as much as 17.7 percent to $162.72 after China's biggest Internet search company's quarterly profit missed estimates.