User-review website Yelp (YELP) saw it shares jump nearly 15% after hours on Wednesday, after the company reported a slimmer loss than expected and provided 2012 guidance that beat views.
San Francisco-based Yelp said its Q2 sales jumped 67% from Q2 2011, to $32.7 million. Analysts were expecting $30.5 million.
The company lost 3 cents a share, but Wall Street was expecting a 6-cent loss, according to Thomson Reuters. Yelp lost 8 cents a share in the year-earlier quarter.
Yelp said it expects full-year sales of $135 million to $136 million, better than the $130.7 million analysts had modeled. In the current quarter, Yelp’s expecting sales of $34.5 million to $35.5 million, better at the $35 million midpoint than analyst views of $34.3 million.
In a statement, Yelp executives say the company is focusing on growing its mobile audience and its overseas presence.
Yelp’s monthly unique visitor count rose 52% to 78 million. It said its mobile apps were used by an average of 7.2 million devices a month.
Like other technology companies to hold IPOs recently, including Facebook (FB), Zynga (ZNGA) and rival Angie’s List (ANGI), Yelp’s shares have been in flux for most of their time on the market. Yelp’s shares had jumped 59% on the day they started trading in March, but were trading at or below their IPO price of $15 by early June. The stock closed Wednesday’s regular session at 18.82, down 5.7%.
Yelp is expected to benefit from a partnership with Apple (AAPL), which will integrate Yelp’s reviews into the iPhone maker’s new mapping software
YELP Beats on Revenues – shares Jump 15% in AH
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