Investing.com - Bumble reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Bumble announced earnings per share of $0.14 on revenue of $232.6M. Analysts polled by Investing.com anticipated EPS of $0.01 on revenue of $238.27M.
Bumble shares are down 19% from the beginning of the year , still down 60.21% from its 52 week high of $52.60 set on Tuesday, November 9, 2021.
Bumble shares lost 14.62% in after-hours trade the report.
Bumble follows other major Communication Services sector earnings this month
Bumble's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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