Why Angi Stock Was Falling Today
Shares of Angi (NASDAQ: ANGI) were taking a dive today after the market didn't like what it saw in its second-quarter earnings report. Despite better-than-expected revenue from this home services marketplace, there were signs that the company's turnaround wasn't progressing as hoped.
As a result, the stock was down 16.8% as of 10:59 a.m. ET on Wednesday.
Overall, Angi actually delivered strong results in the quarter. Revenue grew 23% to $515.8 million, ahead of estimates at $496.5 million, and marking its highest quarterly growth since 2018.
Source Fool.com
