Yelp Inc. (NYSE: YELP) announced first-quarter 2017 results on Tuesday after the market closed, highlighting improved user engagement and accelerating traffic growth on a broad basis.
But shares of the local business review specialist plunged in after-hours trading as it reduced its full-year guidance. Let’s take a closer look, then, at what drove Yelp’s business as it kicked off the year, and at what investors can expect from the company in the coming quarters.
Image source: Yelp.