The Traderszone Network

Published in TZ Latest News 9 May, 2017 by The TZ Newswire Staff

Why Shares of The Meet Group Dropped Today

Shares of The Meet Group (NASDAQ: MEET) slumped on Tuesday after the company reported its first-quarter results. Net income declined due to charges related to restructuring and the acquisition of Skout. Revenue was ahead of analyst expectations, but that wasn’t enough for investors. The stock was down about 12% at 11:45 a.m. EDT.

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