Match Group’s stock slumps 8% on flat revenue, weak guidance

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Match Group’s stock slumps 8% on flat revenue, weak guidance
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Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.

Shares of Match Group Inc.

dropped 8% in extended trading Tuesday after the online-dating service reported quarterly results that included weak revenue guidance. Match reported fiscal third-quarter net earnings of $163.8 million, or 57 cents a share, compared with net earnings of $128.3 million, or 44 cents a share, in the year-ago quarter. Revenue was $881.6 million, up 9% from $809.5 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of 54 cents a share on revenue of $880 million.

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