Yelp: Q2 Earnings Snapshot

Yelp: Q2 Earnings Snapshot

Summary : SAN FRANCISCO (AP) _ Yelp Inc. (YELP) on Thursday reported second-quarter profit of $8 million.

The San Francisco-based company said it had profit of 11 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The online business reviews company posted revenue of $298.9 million in the period, also exceeding Street forecasts.

SAN FRANCISCO (AP) _ Yelp Inc. (YELP) on Thursday reported second-quarter profit of $8 million.

The San Francisco-based company said it had profit of 11 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.The online business reviews company posted revenue of $298.9 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $283.9 million.

Yelp expects full-year revenue in the range of $1.18 billion to $1.2 billion.

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

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