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Yelp: 1Q Earnings Snapshot

SAN FRANCISCO (AP) _ Yelp Inc. (YELP) on Thursday reported first-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier.

The San Francisco-based company said it had net income of 2 cents per share.

The results met Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.

The online business reviews company posted revenue of $235.9 million in the period, which fell short of Street forecasts. Fourteen analysts surveyed by Zacks expected $236.3 million.

Yelp shares have climbed 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $39.69, a drop of 17% in the last 12 months.


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