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Yelp Beats Street Estimates In Q2 With Revenue Of $55M, EPS Loss Of $0.01

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http://techcrunch.com – Today Yelp beat expectations, reporting second-quarter revenue of $55 million, and a per-share loss of $0.01. Analysts had expected the company to lose $0.04 per share on revenue of $53.3 million. That’s a beat, but not a massive victory. However, the company’s net revenue increase of 69 percent compared to the second quarter of 2012 has sent its stock up nearly 7 percent in after-hours trading. Investors like what they see. The company’s vanity, if perhaps useful metrics, point up and to the right: Average monthly traffic for the company is up to 108 million unique visitors (IT news)