OpenTable had 22,627 member restaurants as of June 30, a 60 percent increase in a year. The company this week named Duncan Robertson, cofounder of SnapStick, as chief financial officer.
(Daniel Acker/Bloomberg News/File 2007)
MARKET MOVERS
Reviews slip, despite OpenTable’s boom
OpenTable had 22,627 member restaurants as of June 30, a 60 percent increase in a year. The company this week named Duncan Robertson, cofounder of SnapStick, as chief financial officer.
(Daniel Acker/Bloomberg News/File 2007)
OpenTable Inc., which provides online restaurant reservations, reported quarterly net income Tuesday that more than doubled from a year earlier, to $6.3 million, or 26 cents per share. But a disappointing revenue number of $34.3 million (a 53 percent increase) pushed the San Francisco company’s stock down yesterday and in after-hours trading on Tuesday. Wall Street had expected $35.4 million.
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