Shares of Bumble Inc BMBL shares are trading roughly flat after falling premarket in sympathy with Match Group Inc. MTCH, which reported worse-than-expected second-quarter sales and guided for muted top-line growth in the second half of 2022.
Match Group late Tuesday reported second-quarter revenues of $794.51 million, missing the consensus analyst estimate of $805.58 Million. The company also guided for third-quarter revenues of $790 to $800 million versus the conensus estimate of $885.21 million.
Bumble will announce its second-quarter earnings on Wednesday August 10th.
Price Action: Bumble shares were trading down 0.60% at $35.79 at the time of publication, according to data from Benzinga Pro.
Photo: Courtesy of Good Faces Agency on Unsplash
© 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.