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ANGI Homeservices: 1Q Earnings Snapshot

GOLDEN, Colo. (AP) _ ANGI Homeservices Inc. (ANGI) on Wednesday reported first-quarter net income of $10 million, after reporting a loss in the same period a year earlier.

The Golden, Colorado-based company said it had net income of 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The provider of a digital marketplace for home services posted revenue of $303.4 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $306.6 million.

ANGI Homeservices shares have increased 12% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.06, a climb of 28% in the last 12 months.


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