Yelp: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

SAN FRANCISCO (AP) _ Yelp Inc. (YELP) on Thursday reported fourth-quarter profit of $17.2 million.

The San Francisco-based company said it had net income of 24 cents per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The online business reviews company posted revenue of $268.8 million in the period, also missing Street forecasts. Nine analysts surveyed by Zacks expected $272.8 million.

For the year, the company reported profit of $40.9 million, or 52 cents per share. Revenue was reported as $1.01 billion.

Yelp shares have increased almost 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.50, a fall of 5% in the last 12 months.

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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