Yelp shares get hammered as investors pan third quarter performance

//Yelp shares get hammered as investors pan third quarter performance

Yelp shares get hammered as investors pan third quarter performance

Yelp shares plunged 28 percent in after-hours trading Thursday, following a weaker than expected third quarter earnings announcement and a lowering of its 2018 revenue projections. The online review site plummeted to $31.25 a share from its close of $43.50 a share during the regular trading session. Yelp took a hit from local merchants reluctant to sign up during the quarter, resulting in revenue of $241 million for the three-month period that just ended. That performance was $1 million below theā€¦

Article by [author-name] (c) Technology News - Technology News Headlines | Bizjournals.com - Read full story here.

By | 2018-11-09T01:03:14+00:00 November 9th, 2018|Technology|

About the Author: