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Yelp's Story 'Getting Stronger,' RBC's Mahaney Says

NEW YORK (TheStreet) --Shares of Yelp (YELP) were soaring 9.94% to $35.71 on heavy trading volume early Wednesday afternoon as the online review site posted strong financial results for the 2016 third quarter.

Before Wednesday's market open Yelp posted earnings of 22 cents per share beating expectations of 3 cents per share.

Revenue increased 30% year-over-year to $186.2 million. Projections were for $182.9 million, according to FactSet.

"We like Yelp, it's been our number one pick in the small-cap space," RBC...