5 Stocks Drawing Attention on Earnings Reports

In this article, we discuss the 5 stocks drawing attention on earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Drawing Attention on Earnings Reports.

5. Match Group, Inc. (NASDAQ:MTCH)

Number of Hedge Fund Holders: 56

Shares of Match Group, Inc. (NASDAQ:MTCH) fell over four percent in the after-hours trading session on Tuesday, January 1, 2022, after announcing lower-than-expected financial results for the fourth quarter.

Match Group, Inc. (NASDAQ:MTCH) reported a loss of 60 cents per share, compared to earnings of 50 cents per share in the same period of 2020. Revenue for the quarter jumped 24 percent to $806 million. The results missed analysts’ average estimate of 53 cents per share for earnings and $818.2 million for revenue.

In addition, the company issued a weak sales outlook for the first quarter, citing the negative effects of the new coronavirus variants. Match Group, Inc. (NASDAQ:MTCH) expects to generate revenue of $790 – $800 million versus the consensus forecast of 835.7 million.

In a letter to shareholders, CEO Shar Dubey said in a statement:

“As we look to 2022, there are many more opportunities we plan to tackle. Tinder continues to find ways to make the app more effective and fun to use for its growing user base. Hinge is well on its way to becoming the second largest global dating app within a few years’ time and is now focusing on expansion into non-English speaking markets.”