Yelp (NYSE:YELP) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Net income increased to $-5.3 million (-8 cents per diluted share) in the quarter versus a net loss of $9.1 million in the year-earlier quarter. Revenue increased 64% to $41.2 million from the year-earlier quarter.
Reported adjusted net loss of 8 cents per share. By that measure, the company missed the mean analyst estimate of $-0.04. It beat the average revenue estimate of $40.29 million.