Yelp Q1 Sales $333.00M Miss $333.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Yelp reported Q1 sales of $333.00M, missing the consensus estimate of $333.44M by 0.13%, marking a 6.58% increase from the same period last year.
May 09, 2024 | 8:08 pm
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NEUTRAL IMPACT
Yelp's Q1 sales of $333.00M missed estimates by a narrow margin of 0.13%, yet showed a 6.58% increase year-over-year.
The miss in sales estimates by a small margin suggests a neutral short-term impact on Yelp's stock price. The year-over-year growth indicates underlying strength, potentially offsetting negative sentiment from the miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100