Match Group Beats Across the Board -- So Why Is the Stock Plummeting?
Expectations were high going into Match Group's (NASDAQ: MTCH) third-quarter financial report. The online dating technology stock had been on fire in 2019, gaining more than 60% leading up to its earnings. The results were almost everything shareholders could asked for: revenue and profits above expectations, subscriber growth better than expected -- what more could investors want?
However, Match Group's fourth-quarter outlook wasn't nearly as rosy as investors had hoped for, and the shares cratered by as much as 16% during after-hours trading in the wake of the company's earnings report on Tuesday. Let's look at the results and go through my checklist of key metrics to see if the market's reaction is overdone.
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Source Fool.com
