Yelp reports lower-than-expected revenue, shares fall

Reuters News
|
Posted: Apr 29, 2015 4:29 PM

(Reuters) - Yelp Inc, the operator of consumer review website Yelp.com, posted lower-than-expected quarterly revenue, sending the company's shares down 15 percent in extended trading.

Yelp's net loss attributable to common stockholders narrowed to $1.3 million, or 2 cents per share, in the first quarter ended March 31 from $2.6 million, or 4 cents per share, a year earlier.

Revenue rose about 55 percent to $118.5 million.

Analysts on average expected the company to report a loss of 1 cent per share and revenue of $120 million, according to Thomson Reuters I/B/E/S.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Kirti Pandey)