Pre-Open Movers 05/05: (CHMA) (ATNX) (IBIO) Higher; (COCP) (ESPR) (MCFE) Lower (more...)
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Match Group (MTCH) Leaps After Beating Q1 Estimates, More Upside Left Says Analyst
May 6, 2021 7:44 AM EDTMatch 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
