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LendingTree, Inc. Q2 adjusted earnings Beat Estimates


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(RTTNews.com) - LendingTree, Inc. ( TREE ) reported a profit for its second quarter that climbed from last year.

The company's profit totaled $44.80 million, or $3.17 per share. This compares with $8.0 million, or $0.59 per share, in last year's second quarter.

Excluding items, LendingTree, Inc. reported adjusted earnings of $20.80 million or $1.47 per share for the period.

Analysts had expected the company to earn $1.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.5% to $184.10 million from $152.80 million last year.

LendingTree, Inc. earnings at a glance:


-Earnings (Q2): $20.80 Mln. vs. $12.20 Mln. last year.
-EPS (Q2): $1.47 vs. $0.90 last year.
-Analysts Estimate: $1.26
-Revenue (Q2): $184.10 Mln vs. $152.80 Mln last year.

<b>-Guidance</b>:

Next quarter revenue guidance: $195 - $205 million Full year revenue guidance: $745 - $765 million

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This article appears in: World Markets , Stocks , 401k , Banking and Loans , Retirement , Earnings
Referenced Symbols: TREE ,



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