Yelp loss widens as expansion costs grow

Business review website Yelp reported a wider fourth-quarter loss than analysts estimated Wednesday as it boosted spending on expansion into new markets.The net loss was $5.32 million (8 cents per share), the San Francisco company said. Analysts on average were projecting a loss of 5 cents, according to data compiled by Bloomberg. Revenue was $41.2…

Yelp Stock Falls After Q4 Loss Worse Than Expected

Shares of reviews company Yelp (YELP) were down nearly 5% in afternoon trading Thursday after the company late Wednesday posted a wider loss than Wall Street expected, despite a sales beat. San Francisco-based Yelp said it lost 8 cents per share, where analysts expected a 4-cent loss, according Thomson Reuters. Sales rose 65% to $41.2…