What's Going On With Match Group (MTCH) Stock?
Portfolio Pulse from Henry Khederian
Match Group Inc's (MTCH) shares are trading higher by 4.2% following the company's Q3 financial results. The company reported earnings of 57 cents per share, surpassing the expected 54 cents, marking a 29.55% YoY increase. Quarterly sales were $881.6 million, slightly higher than the analyst estimate of $881.07 million, demonstrating an 8.9% YoY growth. However, the company’s preliminary 2024 revenue guidance was slightly below expectations, and the Q4 guidance came in lower due to geopolitical risk, FX and macro factors.
November 07, 2023 | 4:14 pm
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Match Group's Q3 results beat expectations, driving the stock price up. However, lower than expected revenue guidance for 2024 and Q4 could potentially impact the stock negatively in the future.
Match Group's stock is currently trading higher due to better than expected Q3 results. However, the company's lower than expected revenue guidance for 2024 and Q4 due to geopolitical risk, FX and macro factors could potentially lead to a decrease in the stock price in the future.
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IMPORTANCE 80
RELEVANCE 100