Yelp Delivers Another Profitable Quarter on Advertising Strength

Yelp Inc. (NYSE: YELP) announced better-than-expected third-quarter 2017 results on Wednesday after the market closed, highlighting another unexpected profit and strong growth in both traffic and advertiser accounts for its core local business review platform.

Yelp also issued seemingly conservative revenue guidance for the current quarter and reduced its outlook for the full year, causing shares to initially fall in after-hours trading. But management later explained that, on the heels of Yelp's sale of Eat24 to Grubhub (NYSE: GRUB), the outlook was essentially a reiteration of last quarter's strong guidance.

Let's dig deeper to see what drove Yelp's business as it started the second half of the year, as well as what shareholders should expect in the months ahead.

Source: Fool.com