Online reviews company Yelp posted a narrower loss and more revenue in the first quarter than Wall Street analysts were expecting, sending the stock up more than three percent in after-hours trading. Yelp lost four cents a share on $76 million in revenue, compared to analysts’ expectations of a loss of six cents per share on $75 million in revenue. The company also boosted its forecast for 2014 revenue from a range between $353 million and $358 million to between $363 million and $367 million, and adjusted EBITDA from a range between $54 million and $58 million to between $56 million and $60 million.
Yelp Tops Q1 Expectations, Raises 2014 Guidance
Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.
