Diamonds and Dogs
5/2/13Boston 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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.