Yelp Inc. (YELP) stock prices updated...
 

Yelp Inc. stock price

Yelp Inc. latest news:


  • 08/03/2017 15:09:14

    Grubhub to buy Eat24 from Yelp

    Grubhub plans to gobble up another online food-ordering rival: This time it's Yelp Inc.'s Eat24.

  • 08/03/2017 14:52:20

    GrubHub shares drop on second-quarter results after earnings report

    Shares of GrubHub Inc. hit a record intraday high Thursday, but plunged 10% in after-hours trading after the food delivery and takeout company reported second quarter results. GrubHub reported adjusted earnings of 26 cents a share, compared with 23 cents a share in the year-earlier quarter. The FactSet consensus was for earnings per share of 26 cents. Revenue jumped 32% to $158.8 million, above the consensus of $158.3 million. GrubHub executives raised the lower-end of the full-year sales guidance to $642 million to $662 million from $632 million to $662 million. In a separate press release, GrubHub announced a partnership with Yelp Inc. that includes the acquisition of Yelp's food delivery unit Eat24. Grubhub shares have gained 28.3% year to date and hit an intraday high of $48.58 on Thursday. The S&P 500 has gained 10.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/03/2017 14:27:26

    GrubHub shares drop on second-quarter results after earnings miss

    Shares of GrubHub Inc. hit a record intraday high Thursday, but plunged 10% in after-hours trading on the food delivery and takeout company's second quarter results. Earnings missed expectations, with adjusted net income growing 15% to $14.8 million, or 17 cents a share, compared to $12.8 million or 23 cents a share, in the year-earlier quarter. The FactSet consensus was for earnings per share of 26 cents. Revenue jumped 32% to $158.8 million, above the consensus of $158.3 million. GrubHub executives raised the lower-end of the full-year sales guidance to $642 million to $662 million from $632 million to $662 million. In a separate press release, GrubHub announced a partnership with Yelp Inc. that includes the acquisition of Yelp's food delivery unit Eat24. Grubhub shares have gained 28.3% year to date and hit an intraday high of $48.58 on Thursday. The S&P 500 has gained 10.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/03/2017 14:22:21

    Yelp soars almost 18% after earnings beat, Eat24 sale

    Yelp Inc. recovered from a damaging change to its ad business to post a big earnings beat Thursday, sending shares skyrocketing higher as the company also announced a partnership with GrubHub Inc. Yelp reported second-quarter net income of $7.6 million, or 9 cents a share, on sales of $208.9 million, up from results of a penny a share on sales of $173.4 million in the year-ago quarter. Analysts on average expected a loss of 8 cents a share on sales of $205 million, according to FactSet. Yelp's advertising business, which was hit by an update that caused an advertiser revolt in the first quarter, recovered to post sales of $186.6 million, up from $151.9 million a year ago and beating average analyst estimates of $184.1 million. In a separate announcement, Yelp said it is selling its Eat24 business, which it bought for $134 million in 2015, for $287.5 million to GrubHub and integrating GrubHub's similar offering into its own platform. Yelp also increased the low end of its full-year revenue guidance to $855 million from $850 million, and announced a $200 million share-repurchase plan. Yelp stock, which closed with a 2.7% decline at $31.37, jumped almost 18% to nearly $37 in late trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/03/2017 14:08:50

    GrubHub buys Yelp's Eat24 business in partnership agreement

    GrubHub Inc. and Yelp Inc. announced a new partnership Thursday afternoon that includes the acquisition of Yelp's Eat24 food-delivery business by GrubHub. GrubHub will pay $287.5 million for Eat24, and Yelp will integrate GrubHub's restaurant-ordering platform into Yelp apps and services. "Bringing Grubhub onto the Yelp Platform through this long-term partnership will be a win for everyone," Yelp cofounder and Chief Executive Jeremy Stoppelman said in the announcement. Yelp acquired Eat24 for $134 million in 2015. GrubHub and Yelp were also scheduled to announce earnings separately on Thursday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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