UPDATE: Yelp Posts Upbeat Q2 Results

Yelp

reported stronger-than-expected Q2 results. Yelp posted a quarterly loss of $2 million, or $0.03 per share, versus a year-ago loss of $1.2 million, or $0.08 per share. Its revenue climbed to $32.7 million, from $19.6 million. However, analysts were expecting a loss of $0.06 per share on revenue of $30.7 million. Yelp shares closed at $18.82 yesterday.