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Angi Stock Soars 12.89% on Strong Q1 Earnings
Generated by AI AgentAinvest Movers Radar
Wednesday, May 7, 2025 6:42 am ET1min read
Angi's stock surged 12.89% in pre-market trading on May 7, 2025, driven by a strong first-quarter earnings report that exceeded revenue expectations. The company's performance in the home services online marketplace has been a key factor in its recent success.
Angi's Q1 earnings report showed a 19.5% year-over-year decline in sales to $245.9 million, but the company managed to beat Wall Street's revenue expectations. This positive news has contributed to the stock's recent gains, as investors have responded favorably to the company's financial performance.
Despite the positive news, Angi's stock has faced challenges in recent months due to broader market volatility and concerns about the global economic outlook. However, the company's strong Q1 earnings report has helped to alleviate some of these concerns and has provided a boost to the stock's performance.
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