Match Group Inc MTCH shares are trading higher by 4.2% to $29.64 Tuesday morning. The stock is trading higher, rebounding following recent weakness, after the company last week reported third-quarter financial results.
What Happened With Earnings?
Match Group reported third-quarter earnings of 57 cents per share, surpassing the expected 54 cents, marking a 29.55% YoY increase from 44 cents per share.
Quarterly sales were $881.6 million, slightly higher than the analyst estimate of $881.07 million, demonstrating an 8.9% YoY growth compared to $809.55 million in the same period last year.
Analyst Justin Patterson said in a note the company’s preliminary 2024 revenue guidance was “slightly below our expectations,” while the fourth-quarter guidance came in lower than expected “due to geopolitical risk, FX and macro factors like student loans.”...Read More
According to data from Benzinga Pro, MTCH has a 52-week high of $54.60 and a 52-week low of $27.85.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
