Yahoo Finance Twitter drops as Yelp hits 52-wk low; Buffalo Wild Wings soars
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Beating earnings estimates were not good enough for Twitter (TWTR). Shares of the micro blogging site tanked for failing to add users at a fast enough pace to keep investors happy For the second-quarter, Twitter earned 7 cents a share, that's 4 cents better than forecast. Revenue was also well above estimates.
Yelp
Yelp (YELP) had an even rougher session. Shares hit a 52-week low after reporting a quarterly loss of 2 cents a share. Analysts were looking for a penny profit. Revenue was slightly better than expected. But the consumer review website slashed its full-year guidance blaming increasing competition.
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Buffalo Wild Wings
Buffalo Wild Wings (BWLD) gained big despite weaker-than-expected earnings results. Wall Street looked past the miss and focused on the restaurant chain's strong second-quarter same-store sales, which rose 4.2% over a year ago at stores owned by Buffalo Wild Wings. Second quarter profits were down more than 9% at $1.12 per share, analysts were expecting $1.26. Sales were up 16.5% from a year ago but still missed expectations. The CEO said the chain will increase prices on alcohol and for select wing promotions to offset higher labor and chicken wing costs.
