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Match Group Revenue Outlook Shines On Tinder Gold, Stock Jumps

November 7, 2017
BY Investor's Business Daily - Reinhardt Krause

Match Group (MTCH) December-quarter revenue outlook topped views, owing to Tinder Gold, sending shares surging despite a miss on third-quarter earnings.

The provider of online dating services has been investing in older, subscription-based websites and said Tuesday that adjusted third-quarter earnings were 19 cents a share, down 17% from a year ago, missing estimates. Revenue rose 19% to $343 million, above expectations. A year earlier, Match earned 23 cents a share on sales of $317 million. Analysts expected Match to report earnings of 22 cents on sales of $330 million for the period ended Sept. 30.

Continue reading the original article at Investor's Business Daily.

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