Why ANGI Homeservices Stock Was Slumping Today
Shares of ANGI Homeservices (NASDAQ: ANGI) were falling today after the home-services marketplace operator delivered a third-quarter earnings report last night. Though the company mostly matched expectations, investors seemed to be disappointed that the company has been unable to capitalize on a boom in the home-improvement sector. Though demand for home services on its platform has soared, supply from service providers remains constrained, affecting the company's financial performance.
As of 2:23 p.m. EDT, the stock was down 12.5%.
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Source Fool.com
