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Yelp (YELP) Tops Q3 EPS by 2c; Issues Light Q4 Revs Outlook

October 22, 2014 4:06 PM EDT

Yelp (NYSE: YELP) reported Q3 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $102.5 million versus the consensus estimate of $99 million.

Yelp sees Q4 2014 revenue of $107-108 million, versus the consensus of $110.96 million.

Yelp sees FY2014 revenue of $375-376 million, versus the consensus of $375.2 million.

"We had an outstanding quarter driven by strong execution across all areas of our business," said Jeremy Stoppelman, Yelp's chief executive officer. "Supporting the Yelp community and providing an excellent consumer experience continue to be our top priorities. It was amazing to see more review content contributed this quarter than ever before. As we look to the future, we'll continue to engage our community, develop new ways to show businesses the value Yelp provides and expand and deepen our geographic footprint. We are excited about the large opportunity ahead of us."

"We continue to deliver strong results," added Rob Krolik, Yelp's chief financial officer. "In the third quarter, revenue increased 67% year over year while adjusted EBITDA grew almost 150% year over year, demonstrating the leverage we see in the financial model."

For earnings history and earnings-related data on Yelp (YELP) click here.



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