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Meet Group: 4Q Earnings Snapshot

March 11, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEET at https://www.zacks.com/ap/MEET