Yelp Inc. YELP, -1.27% shares jumped about 15% Wednesday in late trading after the company reported better earnings than expected and raised its full-year forecast. The online-reviews site reported second-quarter net income of $10.7 million, or 12 cents a share, on revenue of $234.9 million, up from earnings of 9 cents a share on sales of $209.9 million a year ago. Analysts on average expected earnings of a penny a share on sales of $232.2 million. Yelp also raised its guidance for the full fiscal year, changing its revenue forecast to a range of $952 million to $967 million from a previous statement of $943 million to $967 million, and increasing the adjusted Ebitda guidance to $186 million to $192 million from $179 million to $188 million. Yelp stock has lost 9.1% so far this year, as the S&P 500 index SPX, -0.03% has increased 6.9%.
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