Yelp Results Top Forecasts; Shares Down On Sales Outlook

Yelp Inc. on Wednesday reported a third-quarter profit of $3.6 million, or 5 cents a share, on revenue of $102.5 million. During the year-ago period, Yelp lost $2.3 million, or 4 cents a share, on $61.2 million in the third quarter of 2013. Analysts surveyed by FactSet had forecast Yelp to earn 3 cents a share on $99 million in sales. Yelp shares fell 9% in after-hours trading after the online review and recommendation company forecast fourth-quarter sales of $107 million to $108 million, while analysts expected revenue of $111 million.