Yelp Inc. (YELP), which operates a platform connecting consumers with local businesses, falls under the small-cap category having a market capitalization of $2.07 billion. The company’s platform covers various local business categories, providing free and paid advertising products to businesses of different sizes and categories.
Although it missed the consensus EPS estimate by 12.3%, its revenue was 0.5% above analyst estimates for the third quarter. YELP co-founder and CEO Jeremy Stoppelman said, “The third quarter brought a number of new highs as advertisers continued to turn to Yelp for our broad-based ad platform and high-intent audience.”
