Yelp reported fourth-quarter numbers this week, with the local business review site growing revenue 65% year over year. The San Francisco-based firm lost 8 cents a share on $41.2 million in revenue during the fourth quarter. 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 million and $212 million, a 53% year-over-year rise.
Shares of Yelp closed the week higher, ending up 6.74% to finish at $21.85.
Zynga, famous for its -Ville games, beat analysts' expectations, earning a profit this quarter.Excluding items, the San Francisco-based social gaming company earned 1 cent a share on $311.1 million in revenue for the fourth quarter. Analysts polled by Thomson Reuters were looking for a loss of 3 cents a share on $212.1 million in sales. For the full year, Zynga reported $1.28 billion in sales, up 12% year over year, as daily active users (DAUs) increased from 54 million in the fourth quarter of 2011 to 56 million at the end of 2012. DAUs decreased 6% sequentially from the third quarter to the fourth quarter. For the first quarter of 2013, Zynga said it expects revenue to be between $255 million and $265 million, losing between 4 cents and 2 cents a share. Shares of Zynga closed out the week higher, gaining 28.95% to finish at $3.43.
Sprint (S) also reported quarterly numbers this week, receiving an iPhone boost. The telecom company lost 44 cents a share on $9 billion in revenue, up from $8.7 billion in the prior year's quarter. Analysts surveyed by Thomson Reuters were looking for a loss of 46 cents a share on $8.92 billion in revenue. Sprint said it sold 2.2 million iPhones during the quarter, of which 38% went to new customers. For the year, 6.6 million iPhones were sold, out of 20 million smartphones in total. Shares of Sprint rose this week, gaining 1.41% to finish at $5.77.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV