Here are the winnings from Yelp … (YELP)

REUTERS / Jim Young

• Yelp shares surged Wednesday after trading hours, after posting earnings and quarterly earnings exceeding badysts' expectations.
• The company announced earnings per share of $ 0.37 on sales of $ 243.7 million. Analysts surveyed by Bloomberg were forecasting adjusted earnings per share of $ 0.36 on a revenue of $ 241.2 million for the last quarter of 2018.
• Last quarter, the actions of the user-only website fell after the release of its report. results and forecasts for the year that were below expectations.
• Follow the Yelp action course here on Markets Insider.

Yelp's shares climbed 10% Wednesday afternoon, after posting quarterly results and revenues exceeding Wall Street expectations.

This is what Yelp reported compared to what the badysts surveyed by Bloomberg expected.

• Adjusted earnings per share: $ 0.37 vs. $ 0.36 expected.
• Returned: $ 243.7 million compared to $ 241.2 million forecast.

The company has announced its intention to "leave 2019 with strong growth in its turnover". In addition, Yelp has increased its share buyback authority from $ 250 million to $ 500 million.

Yelp shares have jumped 12% since the beginning of the year, but are trading 26% below their peak in 52 weeks last September. The title has struggled in recent years as competitors like Facebook entered the online critic sector.

Despite solid results, Yelp's quarterly results are difficult for the company. Indeed, its shares are trading at 26% less than its recent high and one of its biggest investors has publicly expressed frustration with the management of the website 's critics. users.

In mid-January, SQN Investors LP, an investor from Yelp, said in a public letter to "that"patience is now exhausted "after" repeated antecedents of strategic and operational missteps, missed expectations, abrupt revisions to forecasts, and poor corporate governance that has resulted in significant underperformance of equities. "

Read more: One of Yelp's biggest investors said his patience was exhausted and that he was urging management to make changes or sell the company.

"Yelp is open to all ideas and investor participation, including from SQN," said Yelp in a statement to the letter. "The Board of Directors and the Nominating and Corporate Governance Committee are in the process, with the support of a nationally recognized research trustee company, to badist in this process. evaluate its composition and identify new board nominees to help us drive our strategy. "

Last quarter, Yelp's shares collapsed after the company released its third-quarter results and lower-than-expected year-over-year forecasts.

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