- Yelp (YELP +5.2%) is rebounding from an off day caused by worries about its forecast -- in part because the new view is starting to "resonate" with investors, D.A. Davidson's Tom Forte tells Bloomberg.
- He was most impressed by a boost to 2019 EBITDA margin along with plans to move the sales force out of San Francisco -- a change that Yelp CFO Charles Baker said would save $10M-plus per year.
- And the involvement of activist SQN has "injected some life" into management as well, Forte says.
- Earnings call slides
- Earnings call transcript