Yelp (YELP) Tops Q3 EPS by 6c; Guides In-Line
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Yelp (NYSE: YELP) reported Q3 EPS of ($0.03), $0.06 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $143.6 million versus the consensus estimate of $141.42 million.
Yelp sees Q4 2015 revenue of $149.5-154.5 million, versus the consensus of $152.13 million.
Yelp sees FY2015 revenue of $545.5-551.5 million, versus the consensus of $545.86 million.
"We executed well this quarter," said Jeremy Stoppelman, Yelp's chief executive officer. "Consumers are increasingly discovering our app, which represents approximately 70% of engagement across our entire ecosystem. We believe that our highly engaging app, combined with our native local advertising products that generate high ROI for our customers, strongly positions us to capture the large market opportunity."
"We are pleased with our 40% year over year revenue growth," added Rob Krolik, Yelp's chief financial officer. "We are investing in the business through our marketing programs and continued sales team growth as we work to achieve our goal of becoming the leading destination for consumers connecting with great local businesses."
For earnings history and earnings-related data on Yelp (YELP) click here.
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