Yelp Issues a Weak Sales Outlook Despite Strong Q3 Results

Keep an eye on shares of Yelp Inc. in Thursday's session, after the online review site issued a weak sales outlook, despite topping Wall Street quarterly estimates. The company reported third quarter earnings higher than forecasts. Revenue jumped 67%, slightly higher than what analysts had expected. However, Yelp's soft fourth quarter sales guidance of between $107 million and $108 million, which is at least $3 million dollars shy of forecasts disappointed investors, sending shares down roughly 15% to $59.70 in after-hours trading on Wednesday. TheStreet's Kurumi Fukushima reports from New York.