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Yelp: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

SAN FRANCISCO (AP) _ Yelp Inc. (YELP) on Thursday reported a first-quarter loss of $15.5 million, after reporting a profit in the same period a year earlier.

The San Francisco-based company said it had a loss of 22 cents per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The online business reviews company posted revenue of $249.9 million in the period, exceeding Street forecasts. Nine analysts surveyed by Zacks expected $236.2 million.

Yelp shares have decreased 34% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.91, a decline of 43% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YELP at https://www.zacks.com/ap/YELP