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More on Barclays' downgrade of OpenTable (OPEN -11%): analyst Mark May estimates Q2 reservations...
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Monday, July 2, 2012, 12:50 PM ETMore on Barclays' downgrade of OpenTable (OPEN -11%): analyst Mark May estimates Q2 reservations and restaurant additions will come in at 30M and 622, respectively, below consensus estimates of 30.9M and 740. May expects these shortfalls, attributed to macro and restaurant industry trends, to result in a Q2 miss, but says he remains positive on OpenTable's long-term growth and competitive positioning.
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