After the closing bell on Wednesday , Yelp (NYSE:YELP) followed suit with its social media peers by reporting disappointing first quarter earnings. This has been a rough quarter for online ad sellers.
We’ve already seen Facebook (NASDAQ:FB), Google (NASDAQ:GOOGL), Twitter (NYSE:TWTR), and Yahoo (NASDAQ:YHOO) miss the Estimize consensus. Aside from coming up 4 cents short against the Estimize EPS consensus, Yelp also posted soft guidance for next quarter. The chart above says it all.