Today's Research Reports on Stocks to Watch: Twitter and Yelp
NEW YORK, NY / ACCESSWIRE / May 11, 2017 / Twitter got some pleasant attention on Wednesday after news revealed that a Nevada teen had now broken the record for the most retweeted tweet of all time. Yelp on the other hand saw a pretty negative reaction to its first quarter earnings report and shares were crushed on Wednesday.
RDI Initiates Coverage on:
Twitter, Inc.
https://ub.rdinvesting.com/news/?ticker=TWTR
Yelp Inc.
https://ub.rdinvesting.com/news/?ticker=YELP
Twitter's shares had a lackluster day on Wednesday with shares gaining 0.93%. There was some fun however, when a teenager from Nevada became the person to break the world record of the most retweeted tweet. He did it for Wendy's nuggets. Apparently Carter Wilkerson asked Wendy's Twitter account how many retweets it would take to get a year supply of free nuggets. Wendy's responded "18 million." One month later, and done. Wilkerson did it and got his nuggets. Twitter recently reported first quarter earnings and also reported that monthly active users have grown 6% in the first quarter of 2017 compared to the year ago quarter. At 328 million monthly active users, it was also a 3% increase from the fourth quarter in 2016. This is significant as Twitter formally had been nearly stagnate when it came to user growth for many quarters.
Access RDI's Twitter Research Report at:
https://ub.rdinvesting.com/news/?ticker=TWTR
Yelp Inc.'s shares got creamed on Wednesday and closed the day down 18.36% after the customer review company posted a disappointing outlook. The online review giant posted its first quarter earnings after the market closed on Tuesday and traders weren't pleased. Revenue of $197.3 million came in lower than the $198.3 million that the Thomson Reuters consensus estimate had expected. On one bright note, the company's adjusted loss of 6 cents per share was narrower than the 8 cents loss expected by the Street. What really had investors concerned was the company's outlook. Yelp has forecast second-quarter revenues of $202 million to $206 million, and full-year revenues of $850 million to $865 million. Thomson Reuters was looking for $215 million revenue for the second quarter and $889 million for the full year.
Access RDI's Yelp Research Report at:
https://ub.rdinvesting.com/news/?ticker=YELP
Our Actionable Research on Twitter, Inc. (NYSE: TWTR) and Yelp Inc. (NYSE: YELP) can be downloaded free of charge at Research Driven Investing.
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