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UPDATE: Yelp Posts Upbeat Q2 Results

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Yelp (NYSE: 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.

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