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-0.00277008310249311 -0.00166204986149591 -0.00277008310249311 -0.00277008310249311 0.00443213296398902 0.0515235457063712 0.0249307479224376 0.0138614958448753
Stock impact report

ANGI -30% after slashed outlook, analyst worries [Seeking Alpha]

ANGI Homeservices, Inc (ANGI)  More Company Research Source: Seeking Alpha
Last angi homeservices, inc earnings: 2/5 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.angihomeservices.com/investor-overview
PDF ANGI Homeservices (NASDAQ: ANGI ) is in a heavy downdraft as today's market opens, , after it missed revenues and cut its full-year outlook. The company cut its full-year forecast for EBITDA to $200M-$230M, from a previous $280M-$300M. And IAC/InterActiveCorp mulled the idea of spinning ANGI off, a move some analysts saw as potentially positive, though Jefferies writes "underperformance may make investor demand for a spin underwhelming." Analysts overall focused their worries on Google-related competition after changes the search giant made to results that highlighted the risk to ANGI. Those changes have the potential to be a "long-term headache," Wedbush says, while noting meaningful increases to Google traffic expenses that resulted in a "challenging" quarter. The Google issue is the key question ANGI faces, Needham says, with Google-related competition that "seems to be impacting both traffic as well as service provider perception of value." Sell-side a [Read more]
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