Yelp Inc. (YELP - Free Report) just released its first quarter financial results, posting a loss of $0.03 per share and revenues of $223.07 million.
Yelp is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Yelp have skyrocketed 69% over the last year and are up roughly 9.7% in the last four weeks. However, the online local business information company’s shares dipped 0.56% on Thursday to hit $47.65 per share prior to the release of its quarterly earnings results.
Yelp stock is currently down 3.92% to $45.88 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted a loss of $0.03 per share, which appears not to be comparable to the Zacks Consensus Estimate that called for earnings of $0.16 per share. Meanwhile, Yelp’s quarterly loss came in better than Factset’s, which called for a loss of $0.05 per share.
Beat revenue estimates. The company saw revenue figures of $223.07 million, topping our consensus estimate of $220.14 million.
Yelp saw its revenues climb roughly 13% from $197.32 million in the year-ago period. “We had a great start to 2018, accelerating advertising revenue growth and attracting a record number of new advertisers in the first quarter,” CEO Jeremy Stoppelman said in a statement.
Looking ahead, Yelp expects to post full year revenue in the range of $943 to $967 million, which falls in line with our current estimate of $953.35 million.
Here’s a graph that looks at YELP’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on YELP’s earnings report!
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