ANGI Homeservices: 2Q Earnings Snapshot
Aug. 08, 2018
GOLDEN, Colo. (AP) _ ANGI Homeservices Inc. (ANGI) on Wednesday reported second-quarter net income of $22.9 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 net income of 5 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The provider of a digital marketplace for home services posted revenue of $294.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $293.6 million.
ANGI Homeservices shares have risen 53 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.96, a climb of 36 percent in the last 12 months.