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MeetMe posts 4Q profit

NEW HOPE, Pa. (AP) _ MeetMe Inc. (MEET) on Monday reported fourth-quarter profit of $9.9 million.

On a per-share basis, the New Hope, Pennsylvania-based company said it had net income of 15 cents. Earnings, adjusted for one-time gains and costs, were 19 cents per share.

The dating site company posted revenue of $29.2 million in the period.

For the year, the company reported profit of $46.3 million, or 80 cents per share. Revenue was reported as $76.1 million.

MeetMe shares have climbed roughly 3 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.07, a rise of 60 percent 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 MEET at https://www.zacks.com/ap/MEET


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