Jim Cramer: Yelp Thriving, No Longer a Takeover Target
Yelp was viewed as a takeover target for a long time, but the most recent quarter proved it has the skills and management to survive and thrive, says Jim Cramer.
Yelp (YELP) - Get Report was viewed as a takeover target for a long time, but the most recent quarter proved it has the skills and management to survive and thrive, says TheStreet's Jim Cramer. After Tuesday's market close, the San Francisco-based company reported earnings of $0.16 a share on revenue of $173.4 million, beating estimates of a $0.07 a share on revenue of $169.82 million for the quarter. For the full-year 2016, Yelp is projecting revenue in the range of $700 to $708 million. Analysts are modeling revenue of $669 million for the year.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
