On Wednesday, Shares of Yelp Inc. (NYSE:YELP), lost -25.22% to $25.06, hitting its lowest level.
Yelp declared financial results for the second quarter ended June 30, 2015.
- Net revenue was $133.9 million in the second quarter of 2015 reflecting 51% growth over the second quarter of 2014.
- Adjusted EBITDA for the second quarter of 2015 was $22.7 million, reflecting a 32% enhance over the second quarter of 2014.
- Cumulative reviews grew 35% year over year to about 83 million.
- Mobile Unique Visitors surpassed the number of Desktop Unique Visitors2 for the first time, growing 22% year over year to about 83 million on a monthly average basis. App Unique Devices grew 51% year over year to about 18 million on a monthly average basis.
Yelp Inc. operates a platform that connects people with local businesses in the United States. Its platform covers various local business categories, counting restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others categories.
Shares of Comcast Corporation (NASDAQ:CMCSA), inclined 0.11% to $62.48, during its last trading session.
Comcast Corporation declared a major expansion of its advanced fiber network to the Salinas Municipal Airport Business District in Salinas, California, and recently held a ribbon cutting celebration at K-Lift Service Company (1360 Burton Ave., Salinas, CA 93901) to unveil the network. Elected officials in addition to business and community leaders from across the region attended to applaud the new high-capacity network and what it means to Salinas businesses, counting manufacturing, biotech and education, to assist them improve productivity. Comcast Business installed more than three miles of fiber, both underground and aerial, to the business community adjacent to the Salinas Municipal Airport, which comprises businesses on Harkins Road, Burton Avenue and Dayton Street.
“High-performance network services are needed for businesses to operate effectively and this expanded fiber network is vital to strengthening the Salinas business community,” said Paul Farmer, CEO Salinas Valley Chamber of Commerce. “Comcast Business’ infrastructure investment in Salinas will assist drive innovation in agriculture, construction and other industries in the region.”
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.
Finally, Southwest Airlines Co. (NYSE:LUV), ended its last trade with -1.50% loss, and closed at $35.52.
Southwest Airlines stated its second quarter 2015 results:
- Record quarterly net income, not taking into account special items1, of $691 million, or $1.03 per diluted share. This represented a $206 million enhance from second quarter 2014 and exceeded the First Call consensus estimate of $1.02 per diluted share.
- Record quarterly GAAP2 net income of $608 million, or $.90 per diluted share.
- Record quarterly GAAP operating income of $1.1 billion. Not taking into account special items, record quarterly operating income of $1.1 billion, resulting in an operating margin3 of 22.5 percent.
- Returned $430 million to Shareholders through dividends and share repurchases during second quarter 2015, and $811 million during first half 2015.
- Return on invested capital, before taxes and not taking into account special items (ROIC)1, for the 12 months ended June 30, 2015, of 28.2 percent, contrast with 17.1 percent for the 12 months ended June 30, 2014.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
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