Yelp: 2Q Earnings Snapshot
SAN FRANCISCO (AP) _ Yelp Inc. (YELP) on Thursday reported second-quarter net income of $12.3 million.
On a per-share basis, the San Francisco-based company said it had net income of 16 cents.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The online business reviews company posted revenue of $247 million in the period, missing Street forecasts. Thirteen analysts surveyed by Zacks expected $247.9 million.
Yelp shares have declined slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $34.84, a fall of nearly 9% in the last 12 months.