Shares of Yelp Inc. (YELP) are lower by nearly 12% to $15.94 in late morning trading on Monday following WSJ’s Ahead of the Tape column, cautioning on Yelp ahead of tonight’s earnings. Wall Street analysts are on average expecting YELP to post $152.35 million in sales during Q415. This would show a 6.09% increase from the Q315 revenue of $143.6 million, and an increase of 38.63% from the same period in Q414. EPS in Q415 are expected to come in at $0.12, a growth rate of 50% from $0.08 per share a year earlier. EarningsWhisper.com however, reports a whisper number of ($0.04) per share.
Celgene Corporation (CELG) and Gilead Sciences (GILD) could each spike 30% over the next 12 months, according to an article in this weekend’s Barron’s. The publication said the recent tumble in share prices for biotech stocks has created some buying opportunities.
Apple Inc (AAPL) – Bloomberg reports that Cupertino is on on-track to win clearance to open its first retail stores in India.
At last check, Apple was up $0.54, or 0.57%, to $94.56 as of 12:03 p.m. ET.
GoPro, Inc. (GPRO) shares surged 7.83% to $10.74 in early trade following a Barron’s article detailing several companies that may be interested in acquiring the once hot maker of wearable action cameras.