3 Buzzing Social Media Stocks: Facebook Gets Sentimental, Yelp Surges on Quarterly Report, and LinkedIn Beats Projections
Facebook (NASDAQ:FB): Presumably in efforts to further increase user engagement, Facebook has been testing a new feature called On This Day, which allows users to revisit what they — and their friends — were doing one year ago from the day the feature is being used. The feature offers a feed of updates from friends exactly as they appeared a year ago. But in addition to year-old statuses from friends, it also includes a list on the righthand side of the page that details other big milestones or events from the month.
Yelp (NYSE:YELP): Shares of Yelp are surging almost 24 percent as earnings per share of -1 cent beat estimates by 3 cents. Revenue of $55 million also beat, by $1.7 million. However, it’s the 2013 guidance for revenue of $222 million to $224 million and adjusted EBITDA of $27 million to $28 million, above the previous guidance of $216 million to $218 million and $21 million to $23 million, that’s fueling the share run. At least three prominent upgrades are also helping the cause.
LinkedIn (NYSE:LNKD): Revenue of $363.7 million beat expectations that called for $354.3 million. EPS also beat, with 38 cents beating by 7 cents. After rallying all day, LinkedIn shares are pulling back slightly — with some volatility — in after-hours trading with third quarter revenue guidance calling for $367 million to $373 million, below the $383.8 million consensus.