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Yelp

Yelp CFO to step down as earnings release early

Brett Molina
USA TODAY

Shares of Yelp traded lower Monday after the company's fourth quarter earnings results were released early, and the online recommendations service revealed its chief financial officer will step down.

Consumer review sites, including Yelp, are frequently checked for recommendations on businesses ranging from restaurants to dentists.

In a statement Monday, Yelp says Rob Krolik will stay on board until a replacement CFO is found or December 15, whichever happens earlier.

"Rob has played a crucial role in Yelp's successful transition from startup to public company, bringing his professionalism and experience to bear in setting Yelp on a firm financial foundation and headed in the right direction," said Yelp co-founder and CEO Jeremy Stoppelman.

Yelp reported fourth quarter revenue of $153.7 million, beating estimates of $152.3 million compiled by S&P Global Market Intelligence. Yelp also reported earnings of 11 cents a share.

For the current quarter, Yelp expects net revenue between $154 million and $157 million. Shares of Yelp were down more than 10% in afternoon trading.

Follow Brett Molina on Twitter: @brettmolina23.

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