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Match Group: 1Q Earnings Snapshot

DALLAS (AP) _ Match Group Inc. (MTCH) on Tuesday reported first-quarter earnings of $160.4 million.

The Dallas-based company said it had profit of 55 cents per share. Earnings, adjusted for pretax gains, were 46 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The online dating company posted revenue of $544.6 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $544.8 million.

Match Group shares have decreased slightly more than 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $80.10, an increase 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 MTCH at https://www.zacks.com/ap/MTCH