Yelp Inc., owner of a website that lets consumers review local businesses, reported a wider fourth-quarter loss than analysts estimated as it boosted spending on expansion.
The net loss was $5.32 million, or 8 cents a share, the San Francisco-based company said yesterday. Analysts on average were projecting a loss of 5 cents. Yelp shares closed at $22.38, up 5.7 percent, but fell after hours.