Meet Group: 4Q Earnings Snapshot
NEW HOPE, Pa. (AP) _ Meet Group Inc. (MEET) on Wednesday reported fourth-quarter profit of $4.9 million.
On a per-share basis, the New Hope, Pennsylvania-based company said it had net income of 7 cents. Earnings, adjusted for one-time gains and costs, came to 17 cents per share.
The dating site company posted revenue of $57.6 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $57.5 million.
For the year, the company reported profit of $11.3 million, or 15 cents per share. Revenue was reported as $211.7 million.
Meet Group shares have risen 20% since the beginning of the year. The stock has increased 6% in the last 12 months.