Meet Group: 2Q Earnings Snapshot
NEW HOPE, Pa. (AP) _ Meet Group Inc. (MEET) on Wednesday reported second-quarter net income of $2.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New Hope, Pennsylvania-based company said it had profit of 3 cents. Earnings, adjusted for stock option expense and amortization costs, were 11 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The dating site company posted revenue of $52 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $50.7 million.
For the current quarter ending in October, Meet Group said it expects revenue in the range of $50.5 million to $51 million.
The company expects full-year revenue in the range of $210 million to $215 million.
The company’s shares closed at $3.53. A year ago, they were trading at $4.06.