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Match Group beats 4Q profit forecasts

January 31, 2017

Match Group Inc. (MTCH) on Tuesday reported fourth-quarter net income of $73.8 million.

On a per-share basis, the Dallas-based company said it had profit of 27 cents. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

Continue reading the original article at ASSOCIATED PRESS.

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