ANGI Homeservices's stock plunges toward 2-year low after earnings miss, blamed on 'bad forecasting' [MarketWatch]
Last angi inc. - class a earnings: 2/5 04:10 pm
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US:NASDAQ Investor Relations: ir.angihomeservices.com/investor-overview
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
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ANGI
News
- Angi Appoints Tech Executive Ercan Kamber as Chief Data OfficerGlobeNewswire
- Angi Inc. (<a href="https://www.marketbeat.com/stocks/NASDAQ/ANGI/price-target/">NASDAQ: ANGI</a>) had its price target raised by analysts at Wells Fargo & Company from $14.00 to $16.00. They now have an "overweight" rating on the stock.MarketBeat
- Angi Inc. to Announce Q3 2021 Earnings on November 4th and Host Earnings Video Conference on November 5thGlobeNewswire
- IAC and Angi Shares Spike on Strong September Growth [Barron's]Barrons
- Angi Inc. Monthly Metrics Available on IAC WebsiteGlobeNewswire
- More
ANGI
SEC Filings
- 10/21/21 - Form 4
- 10/21/21 - Form 4
- 10/18/21 - Form 8-K
- ANGI's page on the SEC website
- More