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.
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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.
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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.
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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.
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