Yelp (YELP) is getting bad reviews from investors Thursday after reporting a wider quarterly loss.
The company, , which provides user-generated reviews of local businesses, has been making a big push to expand into other countries but that costs money. Sales and marketing expenses jumped 59% in the latest quarter.
That's a tough pill for investors to swallow when they're looking for a profit.
Shares are down 5% today and have slid some 13% over the past year.
But analysts have some kind words for the review site.
JPMorgan analysts called Yelp's results "solid" and noted the company's progress on the mobile front, which represented 25% of local ad impressions in the latest quarter.
"We're incrementally more positive," said the analysts, who kept a neutral rating on the stock. They also noted the inroads Yelp is making on the international markets. "We believe monetization of overseas markets remains a priority," they said. And that leaves a lot of room for growth (and profitability)
StockTwits traders were mixed with their reviews.
Yes, there's no denying hat mobile growth is far from easy. But consider this. Yelp said its mobile app was used on roughly 9.2 million unique mobile devices (on a monthly average). That certainly sounds like they're making progress.
And keep in mind that they are working toward growing overseas, which should help push revenue growth.
Right on BrightAzn and AnalystWire. While Yelp took a hit when Facebook (FB) first announced its "graph search" function, as time has dragged on, most people have come to realize it may not be the threat some thought it was at first blush.
Way to be a naysayer. Maybe Yelp will be a target. But at the moment, I think Apple (AAPL) has bigger fish to fry. Its stock is down more than 35% from its all-time high on growing worries about Apple's ability to keep the i-momentum going.
Not a member yet?Sign up now for a free account
|The Deep Web you don't know about|
|Pizza chain Sbarro files for bankruptcy|
|AT&T cuts prices again|
|More trouble for Boeing's Dreamliner|
|Invest $1 million, try for a U.S. green card|