ANGI Homeservices: 4Q Earnings Snapshot
GOLDEN, Colo. (AP) _ ANGI Homeservices Inc. (ANGI) on Thursday reported fourth-quarter net income of $36.7 million, after reporting a loss in the same period a year earlier.
The Golden, Colorado-based company said it had net income of 7 cents per share. Earnings, adjusted for stock option expense, came to 11 cents per share.
The provider of a digital marketplace for home services posted revenue of $279 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $280.9 million.
For the year, the company reported net income of $77.3 million, or 15 cents per share, swinging to a profit in the period. Revenue was reported as $1.13 billion.
ANGI Homeservices shares have increased 6 percent since the beginning of the year. The stock has climbed 25 percent in the last 12 months.