Match Group Inc. (MTCH) on Tuesday reported first-quarter net income of $20.1 million.
The Dallas-based company said it had profit of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 12 cents per share.
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The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The online dating company posted revenue of $298.8 million in the period, which beat Street forecasts of $293 million, according to FactSet.
Match Group shares have climbed 12 percent since the beginning of the year. The stock has risen 69 percent in the last 12 months.
This story has been corrected to say that its revenue beat expectations.
Elements of this story were generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on MTCH at https://www.zacks.com/ap/MTCH
Keywords: Match Group, Earnings Report