Hot Stock Minute

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Yelp gets investor approval, Weight Watchers tips the scales, T-Mobile calls in a win

Hot Stock Minute

Here are some of the stocks that the Yahoo Finance team is watching today:

Yelp (YELP) shares were up more than 9% in pre-market trading. The company reported a loss of $0.04 a share that still managed to beat analysts' estimates for a $0.06 loss. The company reported sales rose 66% over last year to $76.4 million. Yelp also saw its average monthly unique visitors rise 30% to 132 million. They also benefited from higher revenue from local advertising on mobile devices. As of yesterday's close, Yelp shares are down more than 14% for the year.

We're also keeping an eye on Weight Watchers (WTW) as it traded over 13% higher in the pre-market. Shares of the company rose as high as 19% in after-hours trading yesterday after reporting adjusted earnings of $0.31 a share, beating analysts estimates. It also raised its 2014 earnings outlook. As of yesterday's close, shares of Weight Watchers are down almost 39% on the year.

T-Mobile (TMUS) announced their quarterly earnings today, reporting a loss of $0.19 per share on $6.88 billion in revenue. Both numbers missed street estimates of a $0.10 cent loss on $6.92 billion. The stock however doesn't seem to care and was up more than 8% in pre-market trading thanks to 2.4 million new customers. Keep an eye on this one as Sprint (S) readies their bid to buy their smaller competitor, merging the number three and four U.S. mobile carriers

At Facebook's (FB) F8 developer conference, CEO Mark Zuckerberg focused on new mobile products in his keynote. He announced the ability to use Facebook to sign into third party apps without sharing any personal information, something that was not previously possible. The company also announced the ability for apps within Facebook to communicate with one another, for what the company hopes will be a more interactive mobile experience.

That leads us to today's poll question: Do you typically use Facebook on your desktop or on your mobile device? Vote in our poll and leave a comment below.

 

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