Wall Street rallies on labor market data. Dow Jones bounced 1,22%. S&P 500 rocketed 1,24%. The best day for stocks so far in 2014! Technology sector is up 1,39%, but Twitter suffered yesterday. They went in another direction. Not a surprice for the most expensive stock in our universe.
Twitter (TWTR) -24,16%
Twitter stock plummeted yesterday, but I am not suprised. EPS: -1,69. The record high is 74,73 and that price was insane. Now the stock is trading at 50,03. Down -15,94 points only yesterday. It seems like the stock will open up in a red territory today too.
LinkedIn’s (LNKD) site traffic declines. The site traffic fell Q/Q in Q4. Unique visitors dropped by 3M Q/Q to 139M (rose by 23M Y/Y). Page views fell by 1B to 10,6B (rose by 800M Y/Y). User engagement for mobile app traffic aren`t going as planned. Only 25% of the revenue is coming from ads. LinkedIn is less directly dependent on site/app traffic than Twitter and Facebook.
They spent +57% Y/Y on Sales and marketing. 35% of revenue is spent and that is $157,2M. R&D is up to +46% to $113,1M. Registered users rose by 18M Q/Q to 277M. Stocks follow earnings, and if you don`t deliver EPS, you`re not going get any love from the market. This stock will open down about -7% today.
Yelp (YELP) +18,9%
Revenue rose by 72% Y/Y to $70,7 mllion in the quarter. Revenue from 2012 ($137,6) rose to $233 million in 2013. That is up 69%. Net loss is $2,1 million in the quarter. It`s adjusted EBITDA improved by 470% Y/Y to $10,4 million. 39% increase in average unique monthly visitors to 120 million. Local business accounts increased by 69% Y/Y, to 67,200.
Yelp Outlook for Q1 – 2014: Yelp expects revenue to be about $73,5 – 74,5 million. Growth will approximately 60% compared to Q1 in 2013. For the full year, Yelp projects net revenue to about $353 – $358 million. Shares are up 299,7% (1YR). That`s not bad for a company without any profit in 2013.
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