Yelp Reports Third Quarter 2018 Financial Results

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Go back to Yelp Reports Third Quarter 2018 Financial Results

Deutsche Bank Downgrades Yelp (YELP) to Hold

November 9, 2018 6:46 AM EST

Deutsche Bank analyst Lloyd Walmsley downgraded Yelp (NYSE: YELP) from Buy to Hold with a price target of $34.00 (from $64.00).

The analyst commented, "We downgrade shares of Yelp as we are no longer comfortable recommending investors buy the shares and view the risk / reward as balanced from here. The lack of PAA growth makes the shift to... More

Yelp (YELP) Tops Q3 EPS by 7c, Revenues Miss

November 8, 2018 4:07 PM EST

Yelp (NYSE: YELP) reported Q3 EPS of $0.17, $0.07 better than the analyst estimate of $0.10. Revenue for the quarter came in at $241.1 million versus the consensus estimate of $245.35 million.

Although we achieved our adjusted EBITDA outlook for the third quarter, revenue was lower than we anticipated,... More