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Yelp's Earnings Review: Awesome! - Analyst Blog

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Yelp Inc. ( YELP ) continued the social media charge after Facebook's ( FB ), and Twitter's ( TWTR ) strong earnings performances in the second quarter.

Yelp beat the Zacks Consensus Earnings Estimate of $-0.03, by turning a profit for the first time in company history, posting an EPS of $0.04. More impressively, Yelp beat the Zacks Consensus Revenue Estimate of $86.3 million by posting revenues of $88.8 million.

Besides destroying the Zacks estimates for earnings and revenue, the company stated that they saw a 27% increase in monthly unique visitors up to 138 million, exceeding the expected 135 million. Moreover, sales increased 61% to $88.8 million, beating the expected $86.3 million. These amazing numbers caused Yelp to increase guidance for Q314, and FY 2014. Q314 revenue guidance was raised from $95.4 million to between $98 million and $99 million. Management also raised guidance for FY 2014 from between $363 million to $367 million to a range of $372 million to $375 million.

Another segment that was receiving a lot of attention was the growth of Mobile monthly uniques. Well, that was a smash hit too, rising 51% to 68 million.

During the regular trading day, Yelp rose 8.77%, and has continued to rise in after-hours trading. The stock is up over 5% on high volume in after-hours activity.

Tomorrow morning Zacks will post a detailed earnings report on Yelp.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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