Jason Del Rey

Recent Posts by Jason Del Rey

Yelp Misses on Earnings, Beats on Revenue in Q3

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Yelp just announced that it posted a third-quarter loss per share, excluding certain items, of four cents on higher-than-expected revenue of $61.2 million.

Wall Street analysts had been expecting, on average, earnings of one cent per share on $59.4 million in revenue.

The stock was down as much as four percent in early after-hours trading, but continued to bounce around.

Yelp also announced it would initiate a follow-on offering of up to $250 million, with an additional $37.5 million in Class A shares being made available to the underwriters.

Yelp said it had integrated Qype’s France and U.K. sites following the 2012 acquisition of the European company. Restructuring and integration costs were $2.8 million for the quarter, up from $1.8 million in the same quarter last year.

Yelp continues to grow its presence on mobile; the company said its mobile apps were used on 11.2 million mobile devices on average in the quarter.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik