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. The stock is now up 1.20 on 51K shares.
Yelp fell during the first 45 minutes of trade Wednesday, but settled into a range for the remainder of the session. The stock closed down by 0.73 at $25.30. Yelp finished near the lower end of a 1-month range.
For comments and feedback: editorial@rttnews.com