Yelp beats Street 3Q forecasts

Yelp Inc. (YELP) on Wednesday reported third-quarter net income of $2.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Francisco-based company said it had profit of 2 cents. Earnings, adjusted for one-time gains and costs, came to 22 cents per share.

The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The online business reviews company posted revenue of $186.2 million in the period, also exceeding Street forecasts. Fourteen analysts surveyed by Zacks expected $182.8 million.

For the current quarter ending in December, Yelp said it expects revenue in the range of $191 million to $195 million.

The company expects full-year revenue in the range of $709 million to $713 million.

Yelp shares have risen 13 percent since the beginning of the year. The stock has increased 36 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on YELP at


Keywords: Yelp, Earnings Report