Match Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Match Group Inc MTCH reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 40 cents to 55 cents per share.

• Revenue fell 0% to $863.74 million from a year ago; analysts expected $853.58 million.

• Match Group Inc's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $125.48 million.

• Match Group Inc shares had risen by 9.7% this quarter and gained 3.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 15 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for Match Group Inc is $33.50, about 1.1% below its last closing price of $33.88

This summary was machine generated from LSEG data August 5 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)