Why ANGI Homeservices Stock Was Soaring Today
Shares of ANGI Homeservices (NASDAQ: ANGI) were climbing this year as the company turned in a solid third-quarter earnings report, posting better-than-expected results on both the top and bottom lines. As of 1:49 p.m. EST, the stock was up 19.4%.
The company, which provides an online marketplace for homeowners to get everything done from cleaning to plumbing to general contracting, said adjusted revenue jumped 22% in the third quarter to $357.4 million, its fastest growth rate since it merged HomeAdvisor and Angie's List in 2017, and ahead of estimates at $355.6 million.
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Source Fool.com
