Yelp: Q4 Earnings Snapshot

Audio By Carbonatix

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Yelp Inc. (YELP) on Thursday reported fourth-quarter profit of $42.2 million.

The San Francisco-based company said it had net income of 62 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The online business reviews company posted revenue of $362 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $350.7 million.

For the year, the company reported profit of $132.9 million, or $1.88 per share. Revenue was reported as $1.41 billion.

Yelp expects full-year revenue in the range of $1.47 billion to $1.49 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YELP at https://www.zacks.com/ap/YELP