DALLAS — Match Group, Inc. (MTCH) on Tuesday reported first-quarter net income of $174.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had net income of 57 cents. Earnings, adjusted for stock option expense, were 67 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The media and internet company posted revenue of $667.6 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $650.7 million.
For the current quarter ending in July, Match Group said it expects revenue in the range of $680 million to $690 million.
Match Group shares have dropped 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $138.93, a fall of 38% 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 MTCH at https://www.zacks.com/ap/MTCH