Yelp: 4Q Earnings Snapshot
SAN FRANCISCO (AP) _ Yelp Inc. (YELP) on Wednesday reported fourth-quarter earnings of $31.9 million.
On a per-share basis, the San Francisco-based company said it had net income of 37 cents. Earnings, adjusted for one-time gains and costs, came to 53 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The online business reviews company posted revenue of $243.7 million in the period, also surpassing Street forecasts. Fourteen analysts surveyed by Zacks expected $241.1 million.
For the year, the company reported profit of $55.4 million, or 62 cents per share. Revenue was reported as $942.8 million.
Yelp shares have risen 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.48, decreasing slightly in the last 12 months.