Yelp beats earnings, but outlook is bad

Yelp, the platform which connects consumers and local businesses, posted third-quarter earnings after the bell on Wednesday. Yelp’s net revenue for the third quarter was $222.4 million, 19% growth for the same period last year. This compares to analyst estimates of $220.8 million, according to Yahoo Finance. Adjusted net income was $25.4 million, compared to $18.4 million, year-over-year. Read More