SAN FRANCISCO -- Yelp shares on Thursday took a large leap higher when the corporate forecast higher sales in 2014 for the native reviews web site than Wall Street agreement estimates.
Shares of Yelp jumped $15.50, or 20.6%, at $90.70 in morning mercantilism action.
The native reviews company in its statement on Wed issued first-quarter and full-year 2014 revenue steerage over the agreement of analyst forecasts.
Yelp rumored first-quarter revenue expectations of between $73.5 million and $74.5 million, earlier than agreement estimates for $73.25 million. For its full year in 2014, Yelp forecasts sales travel $353 million to $358 million, up from analyst expectations for sales or $347.85.
Yelp rumored a fourth-quarter loss in profit of $2 million on $70.7 million in revenue. Wall Street analysts were yearning for the corporate to report a loss of $1.8 million in profit on $67.3 million within the quarter.
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