OpenTable Tanks on Q3 Revenue Miss

Shares of OpenTable (NASDAQ: OPEN) are trading lower in the after-hours following the release of the company's Q3 earnings results. Currently, shares are lower by 7.15%, trading at $40.02; they ended the regular session lower by 1.73%, at $43.10. OpenTable reported Q3 EPS of $0.30 on revenues of $34.4 million; the Street was looking for $0.30 per share on revenues of $35.89 million. Revenues increased 40.4% year over year. The consolidated installed restaurant base was up 57% as of September 30th, at 23,866 restaurants. "The third quarter highlights continued growth in our core operating and financial metrics," said Duncan Robertson, CFO of OpenTable. "The business continues to deliver solid operating margins and cash flows even as we invest for long-term growth."OpenTable, Inc. provides solution that forms an online network connecting reservation-taking restaurants and people who dine at those restaurants. Its solutions include its electronic reservation book and and OpenTable Connect.