5 Stocks Making Notable Moves on Earnings Reports

In this article, we discuss the 5 stocks making notable moves on earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Notable Moves on Earnings Reports.

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

Number of Hedge Fund Holders: 57

Shares of Match Group, Inc. (NASDAQ:MTCH) fell nearly four percent in the pre-market trading session on Wednesday, 3 November 2021, after announcing disappointing third-quarter results along with a weak sales outlook.

The Texas-based online dating company reported earnings of 43 cents per share, down from 47 cents per share in the same period last year. Revenue came in at $802 million, up 25 percent versus the year-ago quarter. Analysts were expecting Match Group, Inc. (NASDAQ:MTCH) to post earnings of 49 cents per share on revenue of $803 million.

Total payers in the quarter increased to 16.3 million, compared to 15 million in the second quarter. Analysts were looking for payers of 15.8 million. In addition, total payers at its flagship Tinder brand advanced to 10.4 million versus 9.6 million in the prior quarter.

Looking forward, Match Group, Inc. (NASDAQ:MTCH) expects revenue in the range of $810 million to $820 million for the fourth quarter, compared to the consensus forecast of $838 million.