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MeetMe (MEET) Stock Soars on Q2 Results, Q3 Outlook

NEW YORK (TheStreet) -- Shares of MeetMe (MEET) are jumping 15.71% to $7.43 on heavy trading volume late Monday morning after the company posted better-than-expected results for the 2016 second quarter.

Before today's opening bell, the New Hope, PA-based online dating company reported adjusted earnings of 9 cents per share, surpassing analysts' estimates of 5 cents per share.

Revenue climbed 48% to $16.4 million from last year and was above Wall Street's projections of $15.27 million.

Mobile revenue rose 82%...