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Yelp Shares Plunge 15 Percent on Surprise Loss, Guidance

by CNBC

Shares of Yelp, the online business review site, plunged about 15 percent in after-hours trading Tuesday after it reported a surprise second-quarter loss.

Yelp reported a net loss attributable to common stockholders of two cents a share, versus expectations of profit of a penny a share. The company reported revenue of $134 million, slightly above projections of $133 million and up 50.8 percent from a year ago as more businesses advertised on its platform.

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This article originally appeared on Recode.net.

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