Match Group Q2 EPS $0.48 Beats $0.45 Estimate, Sales $829.55M Beat $811.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Match Group reported Q2 earnings of $0.48 per share, beating the analyst consensus estimate of $0.45 by 6.67%. However, this is a 31.43% decrease from the same period last year. The company also reported quarterly sales of $829.55 million, beating the estimate of $811.40 million by 2.24%, marking a 4.41% increase from last year.
August 04, 2023 | 10:23 am
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NEUTRAL IMPACT
Match Group's Q2 earnings and sales beat estimates. However, earnings are down 31.43% from the same period last year.
While Match Group beat earnings and sales estimates, the decrease in earnings from the same period last year may concern investors. The increase in sales could offset this concern, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100