Match Group: 3Q Earnings Snapshot
DALLAS (AP) _ Match Group Inc. (MTCH) on Tuesday reported third-quarter earnings of $127.6 million.
On a per-share basis, the Dallas-based company said it had net income of 44 cents. Earnings, adjusted for one-time gains and costs, were 39 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The online dating company posted revenue of $443.9 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $438.3 million.
Match Group shares have risen 64 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.47, an increase of 85 percent in the last 12 months.