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ANGI Homeservices: 3Q Earnings Snapshot

·1 min read

DENVER (AP) _ ANGI Homeservices Inc. (ANGI) on Thursday reported third-quarter profit of $4.5 million.

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

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share.

The provider of a digital marketplace for home services posted revenue of $389.9 million in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $392 million.

ANGI Homeservices shares have increased 35% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.45, a rise of 70% in the last 12 months.

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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