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.
Facebook's stock surged more than 19% Wednesday, marking its best one-day gain since the company went public by far, as investors welcomed a healthy boost in sales.
The social media giant delivered third-quarter sales of almost $1.3 billion when it reported earnings after the closing bell Tuesday. That's up 24% from a year earlier.
In particular, investors were impressed by Facebook's ability to earn about $150 million from mobile, accounting for 14% MOREHibah Yousuf - Oct 24, 2012 4:01 PM ET
Yelp (YELP) shares jumped nearly 10% Wednesday after the company, which provides user-generated reviews of local businesses, announced plans to buy a European rival.
The rally came as companies across the social media "ecosystem" basked in the glow of Facebook's second quarterly report as a public company. Facebook's third-quarter earnings topped forecasts, and investors were impressed with the social network's ability to make money off users that access the social network MOREBen Rooney - Oct 24, 2012 12:56 PM ET
At this rate, Groupon (GRPN) may never get back to a $6 billion market value. That number, in case you forgot, is what Google (GOOG) reportedly offered to buy Groupon for back in 2010. Groupon went public instead.
Shares of Groupon plunged 23% Tuesday to a new all-time low after the company reported revenues that missed forecasts and sluggish guidance after the bell Monday. Groupon's market value is now below $4 MOREPaul R. La Monica - Aug 14, 2012 10:22 AM ET
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