Services sector reacted positively on Wednesday’s trading session and sector moved up +0.12%. If we look at the key movers of the sector so Kforce Inc (NASDAQ:KFRC) and Pacific Sunwear of California, Inc (NASDAQ:PSUN) were major percentage gainers while most active stock was Virgin Media Inc (NASDAQ:VMED).
Yelp Inc (NYSE:YELP) announced a wider fiscal Q4 loss than analysts forecasted as it lifted spending on growth into new markets.
Yelp, owner of a website that allows consumers review local businesses, reported in a statement that net loss was $5.32 million or 8 cents per share. Bloomberg gathered data confirms that analysts on average forecasted a loss of 5 cents per share.
Yelp Inc’s YTD performance was recorded as 18.73% while its market capitalization was $-0.53 billion. The company has P/B ratio of 11.68 while. Institutional ownership owns 92.72% shares of the company. Net profit margin of the company was -18.83% while its gross profit margin was 92.78%.
Shares of The McGraw-Hill Companies, Inc (NYSE:MHP) traded lower for the third day in a row after the Department of Justice reported a court case against Standard and Poor’s Ratings, a division of the company. Shares of McGraw-Hill plunged around 1%.
The McGraw-Hill Companies, Inc. has market capitalization of $12.36 billion. Its current ratio was 0.97 while its shares were lagging behind SMA50 with -17.97. The company offered earnings per share of 2.76 while its 277.70 million shares were outstanding. YTD performance of the stock was -18.40%.
Pearson PLC (ADR) (NYSE:PSO) has the market capitalization of $15.49 billion. The company’s EPS was 1.84 while its 817.46 million shares were outstanding. Its institutional ownership was 3.59%. Shares of the company were moving ahead of SMA50 with -1.24% while its YTD performance was -2.87%.
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