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.
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