Strong revenue figures helped Yelp beat analysts’ expectations for the second quarter of 2013, sending its stock soaring by more than 20 percent following the Wednesday release of its earnings report. While the company reported a loss of 1 cent per share, revenue rose to $55 million, representing a full 69 percent increase from the same time a year ago. Analysts had expected closer to a loss of 4 cents per share on revenue of $53.3 million.
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Rosy Q2 Report Sends Yelp Stock Skyward
Posted by: Rachelle Dragani August 1, 2013 11:55 AMStrong revenue figures helped Yelp beat analysts’ expectations for the second quarter of 2013, sending its stock soaring by more than 20 percent following the Wednesday release of its earnings report. While the company reported a loss of 1 cent per share, revenue rose to $55 million, representing a full 69 percent increase from the same time a year ago. Analysts had expected closer to a loss of 4 cents per share on revenue of $53.3 million.