09-08-2016 22:40 via uk.news.yahoo.com

Yelp reports surprise profit, raises full-year revenue forecast

(Reuters) - Consumer review website operator Yelp Inc reported an unexpected second-quarter profit and raised its full-year revenue forecast as investments in sales and marketing led to more businesses and consumers signing up for its services. Yelp posted a net profit of $449,000, or 1 cent per share, for the three months ended June 30, compared with a net loss of $1.3 million, or 2 cents per share, a year earlier. Analysts were expecting a loss of 7 cents per share, according to Thomson Reuter
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