Here come Yelp earnings... - Business Insider

Yelp Inc. CEO and co-founder Jeremy Stoppelman is seen in the Yelp offices in Chicago, Illinois, March 5, 2015. REUTERS/Jim Young

Yelp shares jumped in after-hours trading on Wednesday after reporting quarterly earnings and revenue that topped analysts' expectations.
The company reported earnings of $0.37 per share on revenue of $243.7 million. Analysts surveyed by Bloomberg expected adjusted earnings per share of $0.36 on revenue of $241.2 million for the final three months of 2018.
Last quarter, shares of the user-review website crashed after it reported results and full-year guidance that fell short of expectations.
Follow Yelp's stock price here on Markets Insider.

Shares of Yelp jumped 8% in after-hours trading on Wednesday after it reported quarterly earnings and revenue that topped Wall Street's expectations.

Here's what Yelp reported, compared to what analysts surveyed by Bloomberg expected.

Adjusted earnings per share: $0.37 vs. $0.36 expected.
Revenue: $243.7 million vs. $241.2 million expected.

Yelp shares have climbed 12% so far this year, but are trading 26% below their 52-week high hit last September. The stock has struggled in recent years as competitors like Facebook have entered the online review space.

The quarterly results come at a difficult moment for the company, as its stock trades 26% below its recent high and one of its largest investors has publicly expressed frustration with the user-review website's management.

In mid-January, SQN Investors LP, an investor in Yelp, said in a public letter to the board of directors that its "patience has now worn out" after "a history of repeated strategic and operational missteps, missed expectations, sharp guidance revisions, and poor corporate governance that has led to significant stock underperformance."

"Yelp is open to hearing any ideas and investor input, including from SQN," Yelp said in a statement responding to the letter. "The Board and Nominating and Corporate Governance Committee are in the process, with the support of a nationally-recognized director search firm, of evaluating its composition and identifying additional Board candidates to help drive our strategy."

Last quarter, shares of Yelp crashed after the company reported third-quarter results and full-year guidance that fell short of expectations.

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