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Shares of online review company Yelp (YELP) - Get Yelp Inc. Report tumbled in premarket trading on Friday despite first-quarter results that beat analysts' forecasts.

Yelp reported first-quarter net income of $1 million, or 2 cents a share, vs. a net loss of $2 million, or 3 cents a share, in the comparable year-earlier quarter. Analysts polled by FactSet had been expecting earnings of 1 cent a share.

Revenue came in at $236 million for the first quarter, up 6% from the $223 million the company posted in the first quarter of 2018 and at the high of its first-quarter outlook range. Analysts polled by FactSet had been expecting revenue of $235.3 million.

"We are encouraged by the progress we have made on our plan to drive sustainable, profitable long-term growth for our shareholders," Yelp CEO Jeremy Stoppelman said in a statement, noting that growth in its lineup of offerings and will "accelerate growth in the second half of the year."

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Yelp reiterated its 2019 outlook, noting that it expects revenue growth of 8%-10% with adjusted earnings before income, taxes, depreciation and amortization (EBITDA) margins to increase by 2-3 percentage points over 2018 levels. 

One negative, however, were total costs and expenses, which increased to $240 million in the first quarter vs. $228 million in the comparable year-earlier period, the company said.

Shares of Yelp opened down nearly 10% on Friday at $35.83 on the New York Stock Exchange. They ended the day Thursday down 2% at $39.73.