Shares of Match Group Inc.
dropped 8% in extended trading Tuesday after the online-dating service reported quarterly results that included weak revenue guidance. Match reported fiscal third-quarter net earnings of $163.8 million, or 57 cents a share, compared with net earnings of $128.3 million, or 44 cents a share, in the year-ago quarter. Revenue was $881.6 million, up 9% from $809.5 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of 54 cents a share on revenue of $880 million.
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