Yelp Inc. (YELP) reported a first quarter net loss of $0.08 per share after the close Wednesday, compared to the loss of $0.31 per share last year. The consensus estimate was for a loss of $0.06. Net revenues grew 68 percent to $46.13 million from $27.39 million in the prior-year quarter. The consensus estimate was for revenues of $44.57 million.
Yelp forecasts revenues in a range of $52.5 million to $53.5 million in the second quarter and between $216 million and $218 million for the full year 2013. The consensus estimates are for revenues of $50.56 million and $211.81 million.
Yelp gapped open sharply higher Thursday and is now up 5.02 at $30.32 on above average volume. The stock has risen to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.