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Why Angi Stock Jumped Today

TheMotleyFool

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Shares of home-services marketplace Angi (NASDAQ: ANGI) were climbing today as the company posted better-than-expected results in its first-quarter earnings report, beating revenue estimates and reporting a solid improvement in earnings before interest, taxes, depreciation, and amortization (EBITDA).

Shares of Angi were up 22.8% as of 2:27 p.m. ET.

Revenue was down 10% to $392.4 million due to a change in the way it recognizes revenues in its services business, but that topped the consensus at $384.5 million. On a comparable basis, revenue was up 1% in the quarter.

Source Fool.com

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