Meet Group: 2Q Earnings Snapshot
NEW HOPE, Pa. (AP) _ Meet Group Inc. (MEET) on Wednesday reported a second-quarter loss of $235,000, after reporting a profit in the same period a year earlier.
On a per-share basis, the New Hope, Pennsylvania-based company said it had a loss of less than 1 cent. Earnings, adjusted for amortization costs and stock option expense, were 8 cents per share.
The dating site company posted revenue of $42.8 million in the period.
For the current quarter ending in October, Meet Group said it expects revenue in the range of $43 million to $44 million.
The company expects full-year revenue in the range of $166 million to $168 million.
The company’s shares closed at $4.06. A year ago, they were trading at $5.02.