Match Group (MTCH) Tops Q1 EPS by 17c, Offers Guidance
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May 6, 2021 7:44 AM EDT
Match Group (NASDAQ: MTCH) stock is trading 2.3% higher in pre-open Thursday after the company posted stronger-than-expected Q1 results.
Match reported earnings of $0.65 per share on an adjusted basis as sales climbed 23% to $668 million. Market analysts were calling for earnings of $0.40 per share on revenues of $650.6 million.
Exiting the summer season, our business proved resilient and maintained first-time subscriber levels well above the pre-COVID baseline, even as cases began to rise once again. In the fourth quarter, as the second wave of COVID cases and related lockdowns took hold, we... More
May 6, 2021 6:56 AM EDT
Susquehanna analyst Shyam Patil raised the price target on Match Group (NASDAQ: MTCH) to $170.00 (from $165.00) while maintaining a Positive rating.
The analyst commented, "Our thoughts. We see MTCH as one of the strongest business franchises in the Internet sector, believe a... More
