Angi: Q2 Earnings Snapshot

August 9, 2022 GMT

DENVER (AP) _ Angi Inc. (ANGI) on Tuesday reported a loss of $24.2 million in its second quarter.

On a per-share basis, the Denver-based company said it had a loss of 5 cents.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The provider of a digital marketplace for home services posted revenue of $515.8 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $500.5 million.

Angi shares have decreased 33% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.14, a fall of 45% in the last 12 months.

_____

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