Yelp Gets Three Upgrades after Better Than Expected Results and Avon Products to Pay $135M Settlement
Yelp, Inc. (NYSE: YELP) reported better-than-expected results with revenue topping expectations. Net loss per share of 4 cents came in lower than the six cents the Street had been expecting. Yelo's outlook for this quarter’s revenue was also a little better than consensus and the company raised its year outlook above the prior range. The company has received three upgrades from Piper Jaffray, RBC Capital, and Macquarie.
Yelp Inc. operates as an online local guide that connects people primarily with boutiques, mechanics, restaurants, and dentists. The companys local advertising services include free online business account that enables businesses to view business trends, use the revenue estimator tool, message customers, update information, and offer Yelp deals and gift certificates; enhanced listing solution, which eliminates search advertising from the businesses profile pages and allows to incorporate a video clip or photo slide show on the pages; search and other ads services; and call to action, a feature that allows businesses to promote various transaction.
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Avon Products Inc. (NYSE: AVP) reported first-quarter earnings and also announced that it would pay a $135 million bribery charge. Results for the beauty products maker came in underwhelming as sales declined 11% to $2.18 billion. This missed estimates of $2.24 billion. Adjusted earnings per share fell to $0.12 from $0.26 a year ago which also came in below expectations of $0.20. Avon said it will pay $135 million to the Justice Department and the SEC for violating the Foreign Corrupt Practices Act related to a subsidiary in China.
Avon Products, Inc. manufactures and markets beauty and related products. It offers beauty products, such as color cosmetics, fragrances, skin care, and personal care products; fashion products comprising fashion jewelry, watches, apparel, footwear, accessories, and childrens products; and home products consisting of gift and decorative products, housewares, entertainment and leisure products, and nutritional products.
Get more information on Avon Products Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/AVP
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