: Yelp’s stock rises on record revenue, earnings beat


Yelp Inc.’s YELP, +4.98% stock climbed 4% in extended trading Thursday after the company reported quarterly results that topped analyst revenue and earnings estimates. Yelp reported fiscal second-quarter net income of $14.8 million, or 21 cents a share, compared with net income of $8 million, or 11 cents a share, in the year-ago quarter. Net revenue was a record $337.1 million, compared with $298.9 million a year ago. Analysts surveyed by FactSet had expected on average net income of 16 cents a share on revenue of $326 million. Shares of Yelp have catapulted 57% so far this year, while the broader S&P 500 index has increased 17%.

This article was originally published by Marketwatch.com. Read the original article here.

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