Yelp Tops Q1 Expectations, Raises 2014 Guidance

Online reviews company Yelp posted a narrower loss and more revenue in the first quarter than Wall Street analysts were expecting, sending the stock up more than three percent in after-hours trading. Yelp lost four cents a share on $76 million in revenue, compared to analysts’ expectations of a loss of six cents per share on $75 million in revenue. The company also boosted its forecast for 2014 revenue from a range between $353 million and $358 million to between $363 million and $367 million, and adjusted EBITDA from a range between $54 million and $58 million to between $56 million and $60 million.

This article originally appeared on Recode.net.

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