Yelp Q1 Loss Narrows, Boosts 2014 Revenue Outlook - Quick Facts

(RTTNews) - Yelp Inc. (YELP) reported a net loss for the first quarter of $2.64 million or $0.04 per share, narrower than $4.80 million or $0.08 per share for the year-ago quarter.

Net revenue for the latest quarter surged 66 percent to $76.41 million from $46.13 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share on revenue of $75.06 million for the quarter.

Looking ahead to the second quarter, the company forecasts revenues between $85 million and $86 million.

For fiscal 2014, the company raised its revenue guidance to a range of $363 million to $367 million from its prior guidance range of $353 million to $358 million.

Street is currently looking for revenues of $85.44 million for the third quarter and $358.91 million for the full-year 2014.