Yelp Bears The Brunt Of A Downbeat Friday Yelp Bears The Brunt Of A Downbeat Friday

Daily Market Recaps (no fluff)

always free

yelp logo

U.S. stock futures were mixed this morning, with the Nasdaq futures trading
higher by around 100 points on Friday.

Shares of Yelp Inc. YELP fell sharply in today’s pre-market
trading after the company reported mixed fourth-quarter financial results.

Yelp reported quarterly earnings of 37 cents per share which missed the
analyst consensus estimate of 38 cents. The company reported quarterly sales of $342.38 million,
beating the analyst consensus estimate of $341.32 million.

Yelp also announced its board of directors authorized a $500 million
increase to its share repurchase program.

Yelp shares dipped 11.2% to $39.44 in pre-market trading.

Here are some big stocks recording losses in today’s pre-market trading
session.

  • Semper Paratus Acquisition Corporation TVGN shares dipped 18% to $8.20 in
    pre-market trading after surging 119% on Thursday. Tevogen Bio announced a $8 million equity
    investment.
  • Bloom Energy Corporation BE shares declined 17.2% to $9.91 in
    pre-market trading after the company reported worse-than-expected fourth-quarter financial
    results.
  • Inventiva S.A. IVA shares fell 16.6% to $3.32 in pre-market trading after
    the company reported preliminary 2023 fiscal year financial results and issued an update on its
    clinical trial NATiV3.
  • Roku, Inc. ROKU shares declined 16% to $79.41 in pre-market trading
    after the company reported fourth-quarter financial results.
  • Dropbox, Inc. DBX shares declined 9.6% to $29.43 in pre-market trading
    after reporting fourth-quarter results.
  • D-Wave Quantum Inc. QBTS shares fell 8.6% to $1.81 in
    pre-market trading after gaining 7% on Thursday.
  • Iris Energy Limited IREN fell 8.4% to $7.09 in
    pre-market trading following second-quarter results.
  • DoorDash, Inc. DASH dipped 7.8% to $116.46 in
    pre-market trading as the company reported mixed financial results for its fourth quarter. The
    company said it expects first-quarter marketplace GOV to be between $18.5 billion and $18.9
    billion and adjusted EBITDA in the range of $320 million to $380 million.
  • Minerals Technologies Inc. MTX shares fell 5% to $69.07 in
    pre-market trading.
  • DraftKings Inc. DKNG fell 3.5% to $42.90 in
    pre-market trading following weak quarterly sales.

Now Read This: Investor Optimism Improves Following Economic Reports;
S&P 500 Settles At Record High

Don’t forget to check out our premarket coverage here


Do you want a daily market summary with no fluff?

Simple Straightforward Daily Stock Market Recaps Sent for free,every single trading day: Read Now

Explore More

Simple Straightforward Daily Stock Market Recaps

Get institutional-level analysis to take your trading to the next level, sign up for free and become apart of the community.