1 Star: Yelp investors get antsy after disappointing earnings

  • 7 years ago
Investors are exactly handing out rave reviews when it comes Yelp's disappointing sales results. Shares fell as much as 30 percent in after hours trading Tuesday. Yelp reported sales of $197.3 million for the first quarter, falling short of Wall Street estimates. Outlook isn't good for Yelp either. The company may struggle to break $900 million in revenue after a second consecutive quarter of weak advertiser growth and declining forecasts. It's been a sudden decline in momentum for the company after it reached $1 billion in annual revenue earlier in 2017. Yelp's stock was down 19 percent on Wednesday. "It was all hands on deck obviously at that point, and we put a team in place to focus on that particular cohort and that particular profile"

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