Yelp Q2 EPS $0.54 Beats $0.27 Estimate, Sales $357.02M Beat $352.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Yelp (NYSE:YELP) reported Q2 earnings of $0.54 per share, significantly beating the analyst estimate of $0.27. Sales also surpassed expectations, coming in at $357.02 million compared to the $352.80 million estimate. This represents a 157.14% increase in EPS and a 5.90% increase in sales year-over-year.
August 08, 2024 | 8:18 pm
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Yelp reported Q2 earnings of $0.54 per share, beating the analyst estimate of $0.27 by 100%. Sales also exceeded expectations at $357.02 million. This strong performance indicates robust growth and could positively impact the stock price in the short term.
Yelp's significant earnings beat and better-than-expected sales indicate strong operational performance. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100