Match Group stock plummets 18% after weak revenue guidance

Match Group stock plummets 18% after weak revenue guidance

6 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/11/07/match-group-shares-plummets-18percent-after-weak-revenue-guidance.html

Match Group shares plunged 18 percent on Wednesday after the company gave fourth-quarter revenue guidance that missed estimates, and spooked investors.

The company, which owns several dating services including Tinder and Match.com, said after the bell on Tuesday that it expects revenue between $440 million and $450 million for the quarter that ends in December. Analysts were estimating $454 million in revenue, according to data from Refinitiv.