Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated.
YELP shares rose 4% immediately following the announcement. The stock has declined 23% so far this year.
Yelp said in its letter to shareholders, “In late May, as local economies began to reopen and consumers and local businesses were adapting to the new “normal,” we saw both traffic and CPC advertising budgets begin to recover. In June, we continued to see steady improvements in ad budgets and increased retention, benefitting from a strong rate of return from customers who had received relief in April and May.”
Q1 performance
[irp posts=”67637″]
_____
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
