Seeking Alpha

OpenTable (OPEN -6.6%) is downgraded to Market Perform from Outperform at Oppenheimer, which...

OpenTable (OPEN -6.6%) is downgraded to Market Perform from Outperform at Oppenheimer, which says that while Q4 results were stronger than expected, weaker Q1 revenues are expected due to tough U.S. comparisons, reduced international dinner pricing and meaningfully higher expenses. The firm cuts 2012 and 2013 EPS estimates by 3% and 10%, respectively.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)