NEW YORK ( TheStreet) -- Yelp (YELP) shares moved lower after the company reported quarterly results, missing Wall Street earnings expectations and giving guidance that shows revenue growth is slowing.
The San Francisco-based firm lost 8 cents a share on $41.2 million in revenue during the fourth quarter, up 65% year-over-year. Analysts polled by Thomson Reuters were expecting the review aggregator to lose 5 cents a share on $40.29 million.
Yelp provided first-quarter and full-year 2013 revenue guidance. For the first quarter, Yelp expects net revenue between $44 million and $44.5 million, growth of 62% compared to the first quarter of 2012. For the full year, Yelp believes sales will range between $210 and $212 million, a 53% rise year-over-year.
"2012 was a tremendous year for Yelp," said Jeremy Stoppelman, Yelp's CEO, in the press release. "We completed a successful IPO, launched new products to improve the Yelp experience for consumers and business owners, expanded into new markets while increasing our presence in existing ones, and completed our first acquisition. We believe 2013 will be a tipping point for our brand in Europe as Yelp continues to become a trusted local resource. Our mobile strategy will remain a top priority as engagement increases, and we will continue to focus on the business owner, creating more ways to measure the value of Yelp leads."2012 marked some highlights for Yelp. The company noted its data is being incorporated into Apple's (AAPL) "Maps" application on iOS 6, and is partnering with Microsoft's (MSFT) Bing to power their local business pages. Shares of Yelp closed higher in Wednesday trading, gaining 5.67% to finish at $22.38. The stock is moving lower in extended-hours trading, down 1.65% to $21.99 according to Nasdaq.com. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV