DALLAS (AP) — DALLAS (AP) — Match Group, Inc. (MTCH) on Tuesday reported first-quarter profit of $120.8 million.
The Dallas-based company said it had net income of 42 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The media and internet company posted revenue of $787.1 million in the period, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $794.4 million.
For the current quarter ending in June, Match Group said it expects revenue in the range of $805 million to $815 million.
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