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Why angi (angi) shares are plunging todaywhat happened
Shares of home services online marketplace angi (nasdaq
The company posted revenue of $265.6 million, a 10.5% decline year on year, falling short of analyst forecasts. Angi (angi) delivered a significant jump in profitability, reporting net profit margins of 5.5%, up from just 0.1% a year earlier While revenue is forecast to grow at a slower 4.5% per year compared to the broader us market, analysts see. Angi offers fair price and service quality guarantees to over 5 million members
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