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ANGI Homeservices: 2Q Earnings Snapshot

DENVER (AP) _ ANGI Homeservices Inc. (ANGI) on Wednesday reported second-quarter profit of $7 million.

On a per-share basis, the Denver-based company said it had net income of 1 cent.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The provider of a digital marketplace for home services posted revenue of $343.9 million in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $352.6 million.

ANGI Homeservices shares have dropped 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.60, a fall of 22% 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