Yelp Beats Wall Street's Expectations for Its First Quarter

Yelp (NYSE: YELP  ) reported earnings for its fiscal 2014 first-quarter after the closing bell today that were stronger than Wall Street had expected. For the period ended March 31, Yelp's loss narrowed to $0.04 per share, up from a net loss of $0.08 per share during the same period a year ago. That was two cents better than analyst estimates for a quarterly loss of $0.06 per share.

Source: Yelp.

Revenue growth of 66% also impressed in the quarter. Yelp said it generated revenue of $76.4 million, up from $46 million in the year-ago period. For comparison, Wall Street was looking for first quarter revenue of $75 million. The San Francisco-based company raised its full-year guidance as a result, and now expects fiscal 2014 net revenue in the range of $363 million to $367 million.

"Yelp is becoming the gold standard in local search," said Jeremy Stoppelman Yelp's chief executive. "In the first quarter, we announced our integration into Yahoo! local search, building on our existing partnerships with Apple Maps and Bing. We also entered into an advertising partnership with YP.com, which will enable us to introduce Yelp to an even broader pool of business owners."

Yelp's strong results in the quarter drove its stock price up more than 4% in after hours trading today, with shares of Yelp trading around $61.11 as of 4:30 p.m. ET.


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  • Report this Comment On May 01, 2014, at 1:48 PM, FrankoJames wrote:

    All joking on the side, Yelp could become the number one review site for every category that exits in the world, since people write reviews for free because are human intellect forces us to continue to read and write regardless of the COST in life. For example, YELP to expand product offerings to include reviews on stocks. Fool on...

  • Report this Comment On May 01, 2014, at 1:50 PM, FrankoJames wrote:

    Sorry about the typos, these new tablet devices are difficult to type on without taking away all of my time.

  • Report this Comment On May 01, 2014, at 2:43 PM, FrankoJames wrote:

    I wonder if the company has YELP awards for the best posters? I will agree that I am weak at using question marks in my comment boxes, because I am not sure if the content creator can or will even respond to the questions being asked. Interestingly enough, this stock just keeps moving up. To my own knowledge, my creative writing has improved a bit because of my postings here at The Motley Fool. Fool on...

  • Report this Comment On May 01, 2014, at 2:43 PM, FrankoJames wrote:

    I wonder if the company has YELP awards for the best posters? I will agree that I am weak at using question marks in my comment boxes, because I am not sure if the content creator can or will even respond to the questions being asked. Interestingly enough, this stock just keeps moving up. To my own knowledge, my creative writing has improved a bit because of my postings here at The Motley Fool. Fool on...

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