Yelp Inc. Q1 Loss Narrows; Issues Q2 Revenue Guidance - Quick Facts

(RTTNews) - Yelp Inc. (YELP), the company that connects consumers with great local businesses, reported a net loss to shareholders in the first quarter of 2015 of $1.3 million, or $0.02 per share, compared to a net loss of $2.6 million, or $0.04 per share, in the first quarter of 2014. Non-GAAP net income, which consists of net income excluding stock-based compensation and amortization, was $7.9 million, or $0.10 per share, for the first quarter of 2015.

On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.01 for the quarter. Analysts' estimates typically exclude special items.

Net revenue was $118.5 million in the first quarter of 2015 reflecting 55% growth over the first quarter of 2014. Analysts expected revenue of $119.98 million for the quarter.

For the second quarter of 2015, the company expects net revenue to be in the range of $131 million to $134 million. Analysts expect the company to report second-quarter revenue of $138.42 million. For the full year of 2015, the company expects net revenue to be in the range of $574 million to $579 million. Analysts expect the company to report fiscal 2015 revenue of $579.21 million.