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Match Group: Q1 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Match Group, Inc. (MTCH) on Tuesday reported first-quarter net income of $166.8 million.

On a per-share basis, the Dallas-based company said it had net income of 68 cents. Earnings, adjusted for stock option expense and amortization costs, were 95 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The media and internet company posted revenue of $863.9 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $854.9 million.

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

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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

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