Yelp Trumps Twitter as Earnings Trifecta Sends it to Record High
Yelp is surging after posting an earnings trifecta: revenue growth, increased active users and solid guidance. Shares of Yelp reached a record high above $90 a share.
Yelp proved a winner on markets Thursday after recording better-than-expected earnings and adding double-digit share value. The reviews site was surging after posting an earnings trifecta: revenue growth, increased active users and solid guidance. Quarterly sales jumped 71% to $71 million, average monthly visitors climbed 39% to 120 million and both first-quarter and full-year 2014 guidance came in above analyst expectations. In the trading session, shares had reached a record high above $90 a share.
