Surges by GoPro and Yelp stand out and lead a day of gains for Bay Area stocks.
Bay Area stocks ended the week on a largely upbeat note Friday, with big gains from Yelp and GoPro leading the day’s advance.
GoPro shares surged more than 19 percent, to close at $9.85 after the sport-camera maker reported better-than-expected quarterly results late Thursday. GoPro reported a second-quarter loss, excluding one-time items, of 9 cents a share, on $296.5 million in sales, but that surpassed Wall Street analysts’ estimates that GoPro would lose 26 cents a share on revenue of $270.9 million.
Yelp did even better, as its shares climbed 27.7 percent to close at $40.05, as investors gave an upbeat review to Yelp’s sale of its Eat24 food-delivery business to Grubhub for $287.5 million. Yelp will also incorporate Grubhub’s ordering platform into its review site and offerings.
Other advances came from Tesla, Apple, Facebook and Service Now.
Among the leading stock market gauges, the tech-focused Nasdaq Composite Index rose 0.2 percent to 6,351.56, and the blue chip Dow Jones Industrial Average climbed 0.3 percent to finish the week at 22,092.81.
The broad-based Standard & Poor’s 500 Index added 0.2 percent to close at 2,476.83.
