Bumble Swings to Profit and Doubles Revenue : vimarsana.com

Bumble Swings to Profit and Doubles Revenue


Bumble Swings to Profit and Doubles Revenue
Bumble shares retreated after the bell Wednesday even though the company swung to a first-quarter profit and doubled revenue as paid users grew significantly.
Author:
Shares of Bumble  (
BMBL) - Get Report dropped in after-hours trading Wednesday even after the dating app swung to a first-quarter profit and more than doubled its revenue in its second report as a public company.
Shares of the Austin, Texas., company fell 2.54% to $46.04 at last check.
The dating app operator reported net earnings of $323.4 million, or $1.69 a share vs. a loss of $55.8 million, or 2 cents a share in the year-ago quarter, stronger than the FactSet consensus estimate of a GAAP loss of 3 cents a share. 

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