NEW YORK (TheStreet) -- Yelp (YELP) - Get Report stock is retreating by 16.07% to $28.10 in after-hours trading on Tuesday after the company reported a net loss, but an increase in revenue for the 2015 second quarter.
Also, Yelp Chairman Max Levchin will be stepping down to pursue other projects, the company announced on its conference call, CNBC.com reports.
Yelp reported a loss of 2 cents per diluted share for the second quarter of 2015, down from earnings of 4 cents per diluted share for the second quarter of 2014.
Revenue, however, increased by 51% to $133.91 million in the second quarter of this year, compared with last year's $88.79 million, due to a growth in advertising revenue.
Analysts had estimated for earnings of 1 cent per share on revenue of $133.48 million for the 2015 second quarter.
Separately, TheStreet Ratings team rates YELP INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate YELP INC (YELP) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."
You can view the full analysis from the report here: YELP Ratings Report