Yelp Inc. (YELP) Is Sinking After Q3 Revenues Disappoint

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(RTTNews.com) - Yelp Inc. ( YELP ) reported third quarter revenues of $241 million after the bell Thursday, which fell short of the consensus estimate of $245 million. The company also lowered its full year revenues forecast to between $938 million and $942 million, from prior expectations of $952 million to $967 million.

Yelp has gapped open sharply lower Friday morning and is now down 12.69 at $30.81 on above average volume. The stock has plummeted to a new low for the year.

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This article appears in: World Markets , Stocks , Economy
Referenced Symbols: YELP

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