Yelp Trades Lower in After Hours; Company Reports Loss for Q4
Yelp (NASDAQ: YELP), which went public in March 2012, released its fiscal fourth-quarter earnings results after the closing bell on Wednesday. Yelp runs an online directory of reviews that help people find places to eat, shop, drink, relax, and play.
The company reported a fourth-quarter loss of $0.08 per share compared to a loss of $0.56 per share last year. This was wider than analysts' consensus estimates calling for a loss of $0.04.
Sales in the quarter were $41.2 million, which came in ahead of consensus revenue estimates of $40.29 million.
Looking ahead to the fiscal first-quarter, Yelp said that it expects revenue of $44.0 million to $44.5 million and between $210 million to $212 million for fiscal 2013. This is above analysts consensus estimates of $43.83 million for the first-quarter and $206.99 million for the full-year.
In the after hours, Yelp shares were last trading down more than 3 percent to $21.62. The stock is still positive on the day, however, as YELP jumped around 5.70 percent during regular trading heading into the report. Prior to the company's earnings release, YELP had already surged almost 19 percent in 2013.
Overall, the company's stock market trading history has been strong, but all of the gains came via its IPO. Yelp came public at $15.00 per share and the stock soared on its first day of trading, closing at $24.58. Since then, the stock has fallen around 9 percent. IPO investors, however, were up around 50 percent on their investment as of Wednesday's close.
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