Match Group Inc (MTCH) Shares Plunge Following Earnings

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While online dating may be all the rage these days, Match Group Inc (NASDAQ:MTCH) has underwhelmed the market with lower than expected fourth quarter earnings. Shares of the stock are down significantly following a report which indicated that the company earned just 16 cents per share on revenue of $267.6 million. Analysts were looking for the company to post earnings of 20 cents per share on $277.3 million in revenue for the quarter.

While the company’s dating site assets performed quite well, it was the non-dating business which suffered. Shares are now down over 30% over the last two and a half months. The stock has fallen 18.29% or $2.23 following this negative news, hitting $9.96 per share. Approximately 68,182 shares traded hands. mtch shares have risen 6.00% since January 4, 2016 and are currently uptrending. It has outperformed the S&P500 by 14.87%.

Match Group, Inc. is engaged in providing dating products. The company has a market cap of $2.54 billion. The Firm operates through two divisions: Dating and Non-dating. It has 18.21 P/E ratio. The Firm operates a portfolio of over 45 brands.

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