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Stock impact report

ANGI Homeservices's stock plunges toward 2-year low after earnings miss, blamed on 'bad forecasting' [MarketWatch]

ANGI Homeservices, Inc (ANGI)  More Company Research Source: MarketWatch
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's stock plunges toward 2-year low after earnings miss, blamed on 'bad forecasting' Shares of ANGI Homeservices Inc. ANGI, -26.59% plummeted 29% to the lowest levels seen since May 2017, after the home services digital marketplace reported second-quarter earnings that missed expectations, which the company said could have to do with "bad forecasting." The company reported late Wednesday net income that fell to $7.0 million, or 1 cent a share, from $22.9 million, or 5 cents a share, which was below the average analyst estimate of 2 cents, according to FactSet. Revenue rose 17% to $343.9 million, but missed the FactSet consensus of $351.2 million. "There are some things to fix that I think our biggest problem there might have been just bad forecasting," said Chief Executive Joseph Levin said on the post-earnings conference call with analysts earlier Thursday, according to a transcript provided by FactSet. Separately, IAC/InterActiveCorp IAC, -3.62% said late Wednes [Read more]
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