The Traderszone Network

Published in TZ Latest News 28 July, 2015 by The TZ Newswire Staff

Yelp reports surprise loss, revenue forecast disappoints

Yelp, whose shares fell as much as 16 percent in extended trading, said it expected to report net revenue of $139 million-$142 million in the third quarter – well below the $152.6 million average analyst estimate. Yelp’s subscriber growth has been slowing in a crowded market. Competitors include Google Inc , TripAdvisor Inc and GrubHub Inc .