Yelp, the platform which connects consumers and local businesses, posted third-quarter earnings after the bell on Wednesday.
Yelp’s net revenue for the third quarter was $222.4 million, 19 percent growth for the same period last year. This compares to analyst estimates of $220.8 million, according to Yahoo Finance.
Adjusted net income was $25.4 million, compared to $18.4 million… Read More
Category: Earnings
GoPro stock dives 11% after-hours on poor guidance for holiday season
While many were hoping that GoPro’s efforts to turn the company around would continue with its Q3 earnings release today, Wall Street did not like what they saw, sending GoPro’s stock diving 11 percent after-hours. GoPro beat expectations handily on both revenue and earnings per share, but it was the company’s poor forward-looking guidance that led investors to dump the stock… Read More
Fitbit beats analyst estimates but takes a net loss of $113 million in Q3
It seems Fitbit is only slightly benefitting from the news of its new products — particularly the Fitbit Ionic device. The company just reported it beat analyst estimates with a non-GAAP net loss per share of $0.01, with $393 million in revenue; though that’s down from the $504 million in revenue last October, leading to a net loss of $113 million, or 48 cents per share. Read More
Facebook beats in Q3 with $4.7B profit, record share price despite Russia
Facebook is still in the middle of its House Intelligence Committee hearing about Russian election interference, but the looming concerns over misuse haven’t dampened its business as profits continue to soar and its share price hits an all-time high. Still, CEO Mark Zuckerberg saw it fit to break from his traditional “Our business is doing well” script to add “But none… Read More
Samsung posts another record profit thanks to its chips business
Samsung posted another record quarter, and it again has its components business to thank for more stellar results. The Korea tech giant shrugged off scandals, which include a jail sentence for its de factor leader and last year’s Note 7 saga, to record a 14.53 trillion won ($12.92 billion) profit for the recent Q3 2017 period. Revenue came in at 62.05 trillion won ($55.18 billion), up… Read More
Sprint shares fall 9% on reports of failed T-Mobile merger
Sprint-owner SoftBank Group may be getting cold feet when it comes to the proposed T-Mobile U.S. merger. Sprint shares fell 9 percent following a report from the Nikkei that Softbank might be backing off from a potential agreement; T-Mobile shares fell 5 percent. According to the report, SoftBank is expected to approach Deutsche Telekom, the owner of T-Mobile as soon as Tuesday… Read More