SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Yelp Inc. (YELP) on Thursday reported second-quarter profit of $31.7 million.
On a per-share basis, the San Francisco-based company said it had profit of 57 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 62 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The online business reviews company posted revenue of $375.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $365.5 million.
Yelp expects full-year revenue in the range of $1.46 billion to $1.47 billion.
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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
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