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Yelp Q1 Loss Narrows; Issues Q2, FY13 Revenue Outlook

Yelp Inc. (YELP) Wednesday reported first-quarter net loss attributable to common stockholders of $4.8 million or $0.08 per share, narrower than $9.8 million or $0.31 per share in the comparable quarter last year.

On average, fourteen analysts polled by Thomson Reuters expected loss of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew to $46.13 million from $27.39 million in the prior-year quarter, while sixteen analysts had a consensus revenue estimate of $44.57 million for the quarter.

Looking ahead, the company expects second quarter revenues in the range of $52.5 million to $53.5 million. Analysts currently expect revenues of $50.56 million for the quarter.

The company expects full-year 2013 revenue to be in the range of $216 million to $218 million. Analysts currently expect revenues of $211.81 million for the year.

by RTTNews Staff Writer

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