Diamonds and Dogs
5/2/13
Boston Beer Co. Inc. (SAM)Boston Beer Co. is killing its investors buzz today, down 11.67% at $146.65. The brewing company saw its shares fall after it released its first quarter earnings. Boston Beer reported net income of $6.9 million, or $0.51 per share. That is down from $7.5 million or $0.56 per share last year. On a positive note revenue increased 20% to $135.9 million, which was primarily due to a 1% price increase. Analysts' were expecting an EPS of $0.64 per share on revenue of $131.3 million. Boston Beer management said that company is facing intense competition from other craft brew companies. Shares are trading in the middle of their 52-week range of $97.66-$172.05.
Yelp Inc. (YELP)
Yelp is guiding its shares higher today, up 27.39% at $32.23. The online "urban city guide" (which helps users find places to eat, shop, drink, relax, etc.) saw its shares jump after better than expected earnings. For the quarter, Yelp announced a loss of $4.8 million which was a bit larger than expected, however revenue jumped an astonishing 68% to $46.1 million. The surge in revenue led management to increase their guidance. Yelp now expects second-quarter revenue of $52.5 million-$53.5 million and a full-year top line of $216 million-$218 million. Analysts' were expecting $50.4 million and $212 million respectively. Yelp shares set a new 52-week high of $32.38 intraday.
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