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Why Shares of Yelp Popped Today

TheMotleyFool

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Shares of Yelp (NYSE: YELP) jumped on Friday after the company reported mixed third-quarter results but provided solid guidance for the fourth quarter. The small-cap stock was up 15.4% at 12:25 p.m. EST.

Yelp reported third-quarter revenue of $262.5 million, up 8.9% year over year and about $0.4 million higher than the average analyst estimate. Earnings per share came in at $0.14, down from $0.17 in the prior-year period and $0.05 lower than analysts were expecting. The earnings number includes fees related to shareholder activism.

Image source: Getty Images.

Source Fool.com

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