|Bid||33.01 x 800|
|Ask||33.72 x 1200|
|Day's Range||32.90 - 33.52|
|52 Week Range||29.33 - 52.50|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||49.88|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.67|
Conflicting trade reports made for a back-and-forth session in the stock market. Ultimately, equities were slightly lower heading into the weekend, but given where we came from on Monday, it wasn't a bad showing from the bulls this week. Here are some top stock trades to consider for next week. Top Stock Trades for Tomorrow No. 1: J.C. PenneyWith shares of J.C. Penney (NYSE:JCP) trading under $1, it's now on notice from the NYSE. Will shares be delisted? It's a lengthy process, but it could happen now that the stock is deep in the doldrums.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Shares are now resting on the lows near 60 cents. While the downside is obviously limited -- to $0 -- there are many far-less-speculative names for investors to trade. A rebound to 80 cents is possible, but so is a decline to new lows.My plan with JCP stock? Don't gamble on it. Top Stock Trades for Tomorrow No. 2: The Trade Desk (TTD)Shares of The Trade Desk (NASDAQ:TTD) were up several percent at one point on Friday, but are now just above flat for the session. I was lucky enough to snag some at $250 in after-hours trading, even though technically speaking, it was breaking key support at that point.But after-hours trading can be extra volatile, throwing technicals to the sidelines amid the chaos. I happen to really like the TTD story, so it was less about the technicals and more about the fundamentals.Amid regular trading hours, though, TTD remains above the $255 breakout and continues its trend higher. Shares bounced right off of uptrend resistance on Friday, as it hit new highs. For TTD to remain healthy, it needs to hold uptrend support and its 50-day moving average.$300 isn't out of the question if bulls grab control over the overall market. Top Stock Trades for Tomorrow No. 3: Dropbox (DBX)Dropbox (NASDAQ:DBX) stock is plunging 14% on the day to new lows after reporting earnings. The setup is not pretty.Aggressive bulls can try a long position against the $18.50 low and look for a possible rebound up to $21. I would be surprised if bears didn't sell into that area should it rebound that far. Below $18.50 and more lows are possible.I don't like to trade the first day of a big plunge. Instead, I'd rather see it hold as support before getting long. Breaking the $18.50 low and reclaiming it in the same session would be encouraging. Top Stock Trades for Tomorrow No. 4: Yelp (Yelp)Yelp (NASDAQ:YELP) is jumping on better-than-expected earnings on Friday, climbing more than 8%. Shares initially climbed above the 61.8% retracement at $38.18, but failed to hold that mark throughout the session.Over $36.22 is good though, as it keeps Yelp over short-term resistance and its major moving averages. On a pullback, investors can buy Yelp should support hold strong.On a move over the 61.8%, look for a push over Friday's highs. If Yelp can get above it, $41 is the next upside target. Top Stock Trades for Tomorrow No. 5: PVH Corp (PVH)PVH Corp (NYSE:PVH) is hitting new 52-week lows as well, down more than 4% Friday.Now below $85, the $65 to $70 zone is certainly possible. See if this area holds up as support should PVH stock fall that far. On a rebound, see if $85 acts as resistance or if PVH can reclaim it.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long TTD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post 5 Top Stock Trades for Monday: JCP, DBX, TTD, YELP appeared first on InvestorPlace.
Yelp Inc (NYSE: YELP ) reported second-quarter results highlighted by a solid EBITDA beat on higher sales. Here is a summary of what one bull, bear and neutral analyst said after the earnings report. The ...
Shares of Yelp were up 8.6% to $37.95 in trading Friday after the online-review company reported second-quarter earnings that topped analysts' estimates. The company reported second quarter earnings of 16 cents a share on revenue of $234.9 million. Analysts were expecting the company to report earnings of 12 cents a share on sales of $247 million.
Yelp (YELP) delivered earnings and revenue surprises of 33.33% and -0.39%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- The Justice Department is scrutinizing Google’s digital advertising and search operations as authorities gear up a broad antitrust review of the market power of giant internet companies, according to people familiar with the matter.Antitrust officials have been actively meeting over the past month with third-party companies that could have grievances against Google, including publishers and consumer-facing websites, said two people familiar with the matter. Advertisers and ad-tech companies have also met with the officials, and more meetings are on the calendar, one of the people said.The focus on advertising and search operations signals where the department could be taking its inquiry, which is in its early stages and could drag on for months. The range of companies meeting with the antitrust officials goes beyond those that have previously voiced complaints, which include Oracle Corp., News Corp. and Yelp Inc., the person said.Bloomberg reported in June that the Justice Department was preparing to investigate Google, but this is the first indication of the status and scope of the review.The antitrust division, led by Makan Delrahim, is pouring resources into the inquiry, drawing in lawyers from other sections of the agency to study the issues, one of the people said. While the division is exploring the digital advertising and search markets in the review’s initial stages, it will continue to narrow down the ultimate focus, one of the people said.Google controls much of the technology that news publishers and marketers use to serve ads across the internet and nets most of its revenue from ads. The company reported $116.3 billion in advertising revenue last year, which represented 85% of overall sales. It doesn’t break out its revenue by channels. Publishers and rivals have complained that Google’s dominance hinders competition in that market. Earlier this year, the European Union fined Google $1.7 billion for violating competition law with its online practices.Google said its innovations have reduced prices and expanded choice for consumers and merchants, pointing to its testimony before a House antitrust panel in July. “We have created new competition in many sectors, and new competitive pressures often lead to concerns from rivals,” Google lawyer Adam Cohen said in prepared comments for the hearing. “We have consistently shown how our business is designed and operated to benefit our customers.”The Justice Department declined to comment. The people described the investigation under condition of anonymity due to the confidential nature of the inquiry.Attorney General William Barr has elevated a lawyer from the antitrust division to be his point person on the review, signaling his hands-on interest in the issue. Lauren Willard has been appointed to serve as his counselor and report to him on developments in the inquiry, according to a department official.The Justice Department last month announced its broad review of whether technology giants are hurting competition following mounting criticism across Washington that the companies have become too big and too powerful. The department hasn’t specified which firms it would scrutinize.Bloomberg reported in June that U.S. antitrust agencies carved up oversight of four tech giants, with the department taking Alphabet Inc.’s Google and Apple Inc., and the Federal Trade Commission claiming Facebook Inc. and Amazon.com Inc.Read More: Far From Silicon Valley, Trustbusters Plotted Big Tech AssaultThe investigation is a sign of the escalating pressure on tech giants, from Capitol Hill to President Donald Trump, who accuses the companies of silencing conservative views.The giants of the industry are under fire over massive collection of user data, failing to police content on their platforms, and claims that they are harming competition and reducing choices for consumers.\--With assistance from Chris Strohm, Naomi Nix, Mark Bergen and Ben Brody.To contact the reporters on this story: Sara Forden in Washington at firstname.lastname@example.org;David McLaughlin in Washington at email@example.comTo contact the editors responsible for this story: Sara Forden at firstname.lastname@example.org, Mark NiquetteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Yelp Inc. shares jumped as much as 10% in after-hours trading Thursday after the company reported earnings and disclosed that its chief financial officer is headed elsewhere. Yelp reported second-quarter earnings of $12.3 million, or 16 cents a share, on sales of $247 million, up from 12 cents a share on revenue of $234.9 million a year ago. Analysts on average expected Yelp to report earnings of 12 cents a share on sales of $247 million, according to FactSet. Separately, Yelp said that CFO Lanny Baker was leaving the company; Eventbrite Inc. [S: eb] announced Baker as its new CFO minutes later. Yelp installed Finance Vice President James Miln as its interim CFO and will search for a permanent replacement. Shares closed with a 1.7% gain at $34.95, then jumped around in extended trading immediately after the results were released, showing gains of 5% to 10%.
Yelp Inc (NYSE: YELP ) shares are rising after reporting a second-quarter earnings beat. Adjusted earnings came in at 16 cents per share, beating estimates by 4 cents. Sales came in at $247 million, missing ...
Yelp Inc. (YELP), the company that connects people with great local businesses, today announced that Charles “Lanny” Baker will step down as Chief Financial Officer of Yelp, effective September 2, 2019, in order to accept an executive position at another company. Finance Vice President James Miln will become interim Chief Financial Officer upon Baker’s departure. With support from leading recruitment firm Russell Reynolds Associates, the Board and management team have initiated a search for a new CFO to help the company execute on its long-term plan to accelerate growth, expand profitability, and increase shareholder value.
Yelp Inc. (YELP), the company that connects people with great local businesses, today posted its financial results for the quarter ended June 30, 2019 in the Q2 2019 Shareholder Letter available on its Investor Relations website at www.yelp-ir.com. “I am proud of our team’s execution of Yelp’s business transition in the first half, which helped us achieve our outlook for the second quarter and sets the stage for revenue acceleration in the second half,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. Yelp today separately announced that Charles “Lanny” Baker will step down as Chief Financial Officer of Yelp, effective September 2, 2019, in order to accept an executive position at another company.
Welcome back, volatility. From the beginning of June to the end of July, the S&P 500 climbed to all-time highs. It did so without ever retreating more than 2%. Now stocks have dropped more than 5% in just a few trading days. Why? The market received bad news in back-to-back days with regards to the only two things investors care about.Source: Shutterstock First, the Fed "only" cut rates by 25 basis points. They also signaled a more hawkish-than-expected tone regarding future rate cuts. Second, U.S. President Donald Trump upped the trade war ante the very next day. He implemented a 10% tariff on $300 billion worth of Chinese goods that, up until early August, had simply been talk.I get why markets are plunging in response to these two downward catalysts. I also think that stocks will bounce back soon. Trump wants lower rates. The easiest way for him to force the Fed to cut rates is to up the trade war. So he did just that. Now, the Fed is going to cut rates. That will normalize the yield curve by dragging down the short end.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the same time, the 10-Year Treasury yield will remain below 2% because of muted inflation. That's ideal for the stock market since it supports higher equity valuations. Further, once rates get cut, it's very likely that we get some good news on the trade war front (both because Trump will have what he wanted in lower rates and because this trade war follows a rather predictable cycle). * 10 Generation Z Stocks to Buy Long Thus, today we have a sharply inverted yield curve with the threat of sizable tariffs on the horizon. By the end of 2019, though, we will most likely have a normalized yield curve with tariff threats reduced. The 10-Year Treasury yield will also likely be below 2%. That's a recipe for materially higher stock prices.Consequently, I think this late summer dip in stocks is a buying opportunity into the end of the year. Which stocks am I buying in particular? Here's a list of 10 stocks I think look good amid recent trade war weakness. Stocks to Buy on the Trade War Dip: Adobe (ADBE)% off 2019 Highs: 9%Trade Exposure: Visual cloud giant Adobe (NASDAQ:ADBE) doesn't have much trade war exposure. There is the risk that escalating trade tensions continue to drag on global economic growth, which may weigh on enterprise IT spend and could eat into Adobe's growth trajectory. But, that is about as limited trade war exposure as you will find in the market.Secular Growth Drivers: Adobe is supported by multiple secular growth drivers which should withstand trade war tensions. The first of these secular drivers is the enterprise pivot from on-premise to cloud solutions, which remains only about 20% complete. Due to the cost-saving advantages of cloud over on-premise, this should withstand the rising cost aspect of tariffs. The second secular driver is the global consumer pivot towards visual consumption. The world is becoming increasingly visual every day, and as it does, more enterprises are adopting Adobe's visual cloud solutions to create visually compelling content that resonates with consumers. This pivot will not be disrupted significantly by trade war tensions.Near Term Catalysts: Adobe just reported yet another double-beat earnings report which comprised robust revenue and profit growth. Thus, the growth trajectory here remains favorable. As it does, strong earnings reports will converge on a depressed stock, and spark a nice recovery rally in ADBE stock. Adobe is a stock to buy. Facebook (FB)% off 2019 Highs: 11%Trade Exposure: Digital advertising giant Facebook (NASDAQ:FB) has some trade war exposure as higher costs could pressure U.S. companies. Tariffs mean higher input costs for a lot of small- to medium-sized U.S. retailers and merchants. Many of those companies will not be able to pass on those higher costs to consumers. As such, they will have to absorb higher input costs. That will pressure margins. In response, some of those companies may reduce their ad budgets. If so, that would mean less ad revenue from these companies into Facebook.Secular Growth Drivers: It's unlikely Facebook gets hit much by this reduced ad spend. Instead, if U.S. companies do reduce their ad spend in response to higher input costs, they will likely reduce spend on smaller ad platforms, like Yelp (NYSE:YELP). They almost certainly won't cut Facebook or Instagram ad spend. And that speaks to this company's secular advantage -- it's unparalleled size and reach among the global consumer. So long as this advantage remains in play, and so long as ad dollars continue to shift into the digital channel -- which they should given increases in digital content consumption -- Facebook's secular growth trajectory will remain robust, regardless of trade war noise. * 10 Stocks to Buy From This Superstar Fund Near Term Catalysts: Facebook just started pushing forward on the e-commerce front. As relatively nascent e-commerce businesses like Instagram Shopping gain traction over the next several quarters, investors will start to salivate over the long-term potential of the commerce growth vertical. This will lead to strong investor demand for shares of FB, which should ultimately push Facebook stock higher for the foreseeable future. Electronic Arts (EA)Source: Shutterstock % off 2019 Highs: 17%Trade Exposure: Video game publisher Electronic Arts (NASDAQ:EA) has very limited exposure to the trade war since the video game industry has been largely exempt from tariffs, and projects to remain so for the foreseeable future.Secular Growth Drivers: There are three big secular growth drivers supporting EA stock, all three of which will withstand and outlast trade war noise. First, the sleepy video game industry is on the verge of a huge leap forward with the 2020 release of next-gen consoles -- the first in eight years -- and the 2019/2020 release of cloud gaming platforms. Second, EA has successfully jumped into the "free-to-play" arena with Apex Legends and is set to win big as free-to-play games gain traction over the next few years. Third, EA's portfolio line-up, including Madden and NBA Live, is optimally positioned for eSports. As eSports continue to grow over the next few years, EA should be at the center of all that growth.Near Term Catalysts: Over the next few quarters, it's all about cloud gaming, new consoles, and Apex Legends for EA stock. The release of cloud gaming platforms in late 2019 should breath life back into the stale video game industry. New console releases in 2020 should build on that momentum, and supercharge growth across the whole industry. Meanwhile, EA's second iteration of Apex Legends has been a big success so far. As such, this company's numbers will significantly improve over the next few quarters, and as they do, EA stock will bounce back, making this a stock to buy. Square (SQ)Source: Shutterstock % off 2019 Highs: 22%Trade Exposure: Payments processor Square (NYSE:SQ) has some exposure to the trade war, but it is largely limited to increased input costs for its hardware devices, which represent an increasingly small and unimportant part of Square's overall revenue and profit pie.Secular Growth Drivers: The secular growth driver supporting SQ stock is the global pivot from cash to cash-less payments, which has been happening rapidly and will continue to over the next several years, regardless of how the trade war plays out. The bigger the trade war gets, the less consumers spend, and the slower Square grows. But, the cash-less movement will remain robust, so regardless of how broader consumption trends play out, Square's secular growth driver will remain strong. * 8 of the Most Shorted Stocks in the Markets Right Now Near Term Catalysts: SQ stock is down recently because the company gave a weak guide shortly before the market started to tank. The two compounded on each other, and Square stock now finds itself in bear market territory. But, management is notorious for "sandbagging" guidance. Thus, Q3 numbers will likely come in much better than expected. If that happens, you will have a double-beat report converging on a depressed stock, which should result in a big rally for SQ stock the next time earnings roll around. Lululemon (LULU)% off 2019 Highs: 10%Trade Exposure: Of all the stocks to buy on this list, Lululemon (NASDAQ:LULU) arguably has the most trade war exposure, since nearly 60% of the company's products are manufactured in South East Asia, with 12% manufactured in China. Thus, bigger tariffs mean higher costs, and presumably lower margins.Secular Growth Drivers: There are two secular drivers supporting LULU stock. One, athletic apparel adoption rates are soaring across the world, since consumers are increasingly obsessed with looking good, being healthy, and leading active lifestyles. Two, Lululemon dominates the high-quality niche of this secular growth athletic apparel market, and as such, has exceptionally high consumer demand and brand equity. This will enable the company to weather the trade war by passing higher costs onto consumers without adversely impacting demand. Revenues and margins should remain on a steady uptrend for the next several years, regardless of trade war noise.Near Term Catalysts: The market is presently underestimating the secular strength of the athletic apparel market, and Lululemon's ability to pass higher costs onto consumers without adversely impacting demand. As such, while investors are expecting next quarter's profit numbers to come in lighter than expected, they won't. Instead, it will be yet another double beat quarter, the likes of which will converge on a relatively depressed LULU stock to spark a big rally. Qualcomm (QCOM)% off 2019 Highs: 23%Trade Exposure: Chip giant Qualcomm (NASDAQ:QCOM) has plenty of trade war exposure, since at its core, this is a smartphone company, and the core of the smartphone growth narrative is the rapid urbanization of developing economies, the biggest of whom is China. Thus, rising trade tensions could impact global smartphone demand, which could have an adverse impact on Qualcomm's numbers.Secular Growth Drivers: The bigger story -- and more important growth driver -- at Qualcomm is the mainstream and widespread roll-out of 5G smartphones in 2020. Much like next-gen console releases in 2020 will breathe life back into what has become a stale video game industry, 5G smartphone releases in 2020 will similarly breathe life back into what has become a stale and tired global smartphone industry. This reinvigorated growth will power strong results for Qualcomm over the next several years, which should keep QCOM stock on a long term winning trajectory. * 7 Stocks to Buy With Over 20% Upside From Current Levels Near Term Catalysts: See above. It's all about 5G, and 5G smartphones will start to roll out in 2020. Ahead of that big catalyst, you will likely see investors buy into QCOM stock, especially if trade tensions cool off. Alphabet (GOOG)% off 2019 Highs: 11%Trade Exposure: Digital ad giant Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), much like Facebook, has exposure to the trade war through reduced ad spend as tariffs force U.S. companies to potentially re-think ad budgets.Secular Growth Drivers: The secular growth drivers here are two-fold, and are the same as Facebook's secular growth drivers. One, consumers are only spending more time in the digital channel, so ad dollars will continue to pivot in bulk into that space. Two, Alphabet is the biggest player in the digital ad space with the most reach, so even if U.S. companies do start to re-think their ad budgets, they likely won't reduce spend on Alphabet's platforms. On top of all that, Alphabet's cloud business is supported by secular cloud adoption tailwinds which won't be impacted in any big way by trade issues.Near Term Catalysts: Alphabet just reported a really strong second quarter earnings report wherein revenue and profit growth accelerated sequentially, powered by increasing cloud momentum and improving margin performance. GOOG stock popped big in response to that report. It has since given up all of those gains because of macro headwinds. These macro headwinds won't stick around. Once they disappear, investors will look back at the Q2 earnings report and say, "hey, that was a pretty good print." They will consequently buy back in, and GOOG stock will turn back higher. Twilio (TWLO)Source: Shutterstock % off 2019 Highs: 18%Trade Exposure: Cloud communications company Twilio (NASDAQ:TWLO) has essentially zero direct trade war exposure, although it could be negatively impacted by a global economic slowdown as a result of escalating trade tensions.Secular Growth Drivers: The secular growth narrative at Twilio is all about cloud communications. Real-time communication is becoming an increasingly important part of the consumer experience. That is, in order to enhance their experiences, enterprises are increasingly employing real time communication. Twilio enables this real time communication. As real time communication becomes the norm in consumer experiences over the next several years, every company will adopt these services. Many of them will adopt Twilio, since they are the leader in the market. Nothing about this secular growth narrative is adversely impacted in the long run by trade tensions. * 7 Stocks to Sell This Summer Earnings Season Near Term Catalysts: Twilio just reported a double beat-and-raise earnings report which topped expectations everywhere. Q2 revenues and profits beat estimates. The Q3 revenue and profit guides were above-consensus, too. The FY19 revenue and profit guides were lifted to above-consensus marks. Despite this strength, TWLO stock is down big since that report. Why? Macro noise. This macro noise will fade. When it does, the company's strong internals will move back into spotlight. That transition should propel a nice rebound in TWLO stock over the next few months, especially if rates remain depressed (and if the Fed cuts rates further). Canopy Growth (CGC)Source: Shutterstock % off 2019 Highs: 40%Trade Exposure: Cannabis giant Canopy Growth (NYSE:CGC) has limited exposure to the U.S.-China trade war. However, the worry here is that tariffs are the new norm everywhere. If so, Canadian-based Canopy Growth could have a tough time expanding globally.Secular Growth Drivers: The secular growth narrative is that Canopy is the unchallenged leader in a cannabis market that while small today, projects to be huge at scale, given underlying consumption trends which show marijuana's popularity is huge and growing. Trade disputes impact this narrative to the extent that they might stifle Canopy's international growth prospects. But, it seems like a leap to assume that tariffs are the new global norm. Anything short of that, it's tough to see Canopy's secular growth narrative being derailed by trade.Near Term Catalysts: Canopy's numbers last quarter weren't good. In fact, they were bad enough that the CEO got fired. Next quarter's numbers should be a lot better. Canadian cannabis volume trends have improved significantly over the past few months. Peer Aphria (NYSE:APHA) also reported strong numbers which underscore that things are getting better. Further, cannabis 2.0 products like vapes and edibles are set to launch in Canada later this year. The launch of these products should provide meaningful revenue and margin tailwinds for Canopy. Net net, the numbers over the next few quarters should improve dramatically, and spark a big rebound in CGC stock. Alibaba (BABA)% off 2019 Highs: 22%Trade Exposure: Chinese commerce giant Alibaba (NYSE:BABA) has a ton of trade war risk. Most importantly, Alibaba goes as the China consumer economy goes. That consumer economy has weakened as trade tensions have risen. If trade tensions keep going up, China's consumer economy could keep slowing. If so, Alibaba's once super robust growth trajectory will continue to flatten out.Secular Growth Drivers: The long term fundamentals underlying BABA stock are highly favorable. What you have in China is a consumer economy with well over 1 billion consumers, less than 60% of whom are connected to the internet. In developed economies like the U.S. and Canada, the internet penetration rate is essentially north of about 90%. Thus, China has ample runway to add hundreds of millions new internet-connected consumers over the next several years. All those consumers will flow into the Alibaba ecosystem, since Alibaba is the de facto e-commerce platform in China. Against the backdrop of this secular growth narrative, current trade war noise is just a bump in the road.Near Term Catalysts: It's tough to point to a catalyst on the horizon for BABA stock. The reality is that, so long as trade tensions remain hot between the U.S. and China, BABA stock will remain weak. Thus, buying the dip here require patience. Long term, such patience will be rewarded. This stock has tremendous growth potential in a multi-year window. Alibaba just has to move past near term trade issues in order to realize that long term potential.As of this writing, Luke Lango was long ADBE, FB, EA, SQ, LULU, QCOM, GOOG, TWLO, CGC, and BABA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cyclical Stocks to Buy (or Sell) Now * 7 Biotech ETFs That Should Remain Healthy * 7 of the Hottest AI Stocks to Buy Now The post 10 Stocks to Buy on the Trade War Dip appeared first on InvestorPlace.
Yelp (YELP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
GrubHub has been able to demonstrate robust double-digit topline growth since it went public back in 2014 while remaining profitable. Can this growth continue?
Yelp Inc. (YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended June 30, 2019 after the market closes on Thursday, August 8, 2019. Yelp will issue a press release when its Shareholder Letter for the quarter has been posted on its investor relations website at www.yelp-ir.com. Following the release of the Shareholder Letter, Yelp will host a webcasted conference call to discuss its second quarter results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
Yelp and Grubhub are in hot water over accusations they've been skimming profits from small restaurants. Yahoo Finance's Jennifer Rogers and Myles Udland discuss.