Replies to post #187785 on Option Millionaires

[uranium-pinto-beans]

$YELP --->>> Shares of online review website Yelp (YELP) are declining after the company reported lower than expected third quarter profits, and filed documents to sell $250 million of new stock. WHAT'S NEW: Yelp reported a Q3 EPS loss of 4c, versus analysts' consensus estimate of a 1c loss. However, Yelp's third quarter revenue was higher than expected, and the social media website increased its fiscal 2013 revenue guidance to $228 million-$229 million from $222 million-$224 million. Analysts' consensus estimate was $225.38 million. "Looking to the rest of the year and beyond, we are well positioned to capture the large local opportunity ahead of us through our innovation around mobile, geographic expansion and closing the loop with local businesses," said Yelp CEO Jeremy Stoppelman. ANALYST REACTION: In a note to investors, Deutsche Bank analyst Lloyd Walmsley noted that the growth in the company's ads accelerated in all of its markets, while a greater percentage of the company's visits came from mobile devices in Q3 than in Q2, indicating that Yelp is making progress in mobile, according to Walmsley. Moreover, the company's new Call to Actions ads are generating higher response rates, Walmsley reported. He believes that Yelp's shares are weak today due to the company's new stock offering, and recommends taking advantage of the weakness to buy the stock. TODAY'S PRICE ACTION: In early afternoon trading, Yelp sank $3.60, or 5.2%, to $65.20.

[StockPrez]

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