Skip to main content

Match Group: Q4 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Match Group, Inc. (MTCH) on Tuesday reported fourth-quarter profit of $209.6 million.

The Dallas-based company said it had profit of 83 cents per share. Earnings, adjusted for stock option expense and amortization costs, were $1.06 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The media and internet company posted revenue of $878 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $871.6 million.

For the year, the company reported profit of $613.4 million, or $2.38 per share. Revenue was reported as $3.49 billion.

For the current quarter ending in March, Match Group said it expects revenue in the range of $850 million to $860 million.

The company expects full-year revenue in the range of $3.41 billion to $3.54 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTCH at https://www.zacks.com/ap/MTCH

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story