Vimeo Shares Jump Following Q3 Results

MT Newswires Live11-06

Vimeo (VMEO) shares jumped more than 44% in recent Tuesday trading, a day after the video platform posted its Q3 results.

The company reported Q3 earnings late Monday of $0.05 per diluted share, unchanged from a year earlier.

Four analysts polled by Capital IQ expected $0.01.

Revenue for the quarter ended Sept. 30 was $104.6 million, down from $106.3 million a year earlier.

Four analysts polled by Capital IQ expected $99.5 million.

The company said it expects Q4 revenue to be around $100 million. Three analysts surveyed by Capital expect $100.8 million.

Price: 6.93, Change: +2.12, Percent Change: +44.07

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