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ANGI Homeservices: 3Q Earnings Snapshot

November 8, 2018

GOLDEN, Colo. (AP) _ ANGI Homeservices Inc. (ANGI) on Wednesday reported third-quarter net income of $26.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Golden, Colorado-based company said it had profit of 5 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 9 cents per share.

The provider of a digital marketplace for home services posted revenue of $303.1 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $296.5 million.

ANGI Homeservices shares have climbed 82 percent since the beginning of the year. The stock has climbed 56 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANGI at https://www.zacks.com/ap/ANGI

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