It wasn't a banner day for all stocks, however. Twitter Inc. (NYSE:TWTR), Level 3 Communications, Inc. (NYSE:LVLT) and Yelp Inc. (NYSE:YELP) all got crushed thanks to disappointing earnings reports and disappointing guidance. Here's what happened.
Analysts at MKM Partners have downgraded Yelp Inc. (NYSE:YELP) stock to Neutral with a target price of $25, after the company delivered weaker-than-expected performance for the second quarter of FY15 on July 28.
Yelp Inc. (YELP - Snapshot Report) is set to report second-quarter 2015 results on Jul 28. Notably, the company has surpassed the Zacks Consensus Estimate in three out of the past four quarters with an average positive earnings surprise of 109.52%.
Yelp Inc. YELP 1.42 % is struggling with a problem analysts call the “unicorn bubble” as the local search and advertising company competes with big startups for young employees who are vital to its growth.
Yelp Inc. (NYSE:YELP) traded on a positive note gaining 0.35 points or 1.38% to be valued at $25.41 per share. Intraday, the shares aggregated $3.05 million in upticks but saw an exodus of $4.08 million in downticks.
Yelp Inc. (YELP) is scheduled to release its 2Q15 earnings results after the closing bell today. Checking in on the numbers, the Street's estimates for the quarter reflect an expected profit of $0.01 per share, down 75% from $0.04 in the same quarter ...