Yelp Inc (YELP) Reports Better-Than-Expected Q1 Revenue, Shares Up [UPDATED]

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Yelp Inc (YELP) Reports Better-Than-Expected Q1 Revenue, Shares Up [UPDATED]
By User:ZyMOS [Public domain], via Wikimedia Commons

Update 4:34 PM EST: Yelp Inc. (NYSE:YELP) stock recovers in after-hours trading, company’s shares are up 3.36% to $6.30 at the time of writing.

Yelp Inc (NYSE:YELP) released its earnings numbers for the three months through March 2014 this afternoon in the wake of the bell’s ring on Wall Street. The company showed a loss per share of $0.04 for the three month period. Revenue amounted to $76.4 million in the quarter, which the company recorded as its first of fiscal 2014. On Wednesday’s market shares in the firm dropped in anticipation of the earnings release, and finished the day at $58.32.

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