DENVER (AP) — DENVER (AP) — Angi Inc. (ANGI) on Tuesday reported a second-quarter loss of $230.7 million, after reporting a profit in the same period a year earlier.
The Denver-based company said it had a loss of $5.70 per share. Earnings, adjusted for asset impairment costs, came to 11 cents per share.
The provider of a digital marketplace for home services posted revenue of $248 million in the period.
Angi shares have declined 52% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.21, a decline of 62% in the last 12 months.
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