LendingTree (TREE) Gains 29.2% as Q1 Earnings Beat Estimates [Yahoo! Finance]
LendingTree, Inc. (TREE)
Last lendingtree, inc. earnings: 2/25 07:00 am
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Source: Yahoo! Finance
Adjusted net income per share of 70 cents beat the Zacks Consensus Estimate of 46 cents. The reported figure compares favorably with 25 cents reported in the prior-year quarter. The company's results were aided by lower costs, while a decline in revenues was a spoilsport. LendingTree reported net income of $1 million, down 92.6% from the year-ago quarter's level. Revenues & Variable Marketing Margin Decline Total revenues were down 16.3% year over year to $167.8 million. The downside stemmed from a decline in the Home and Consumer segments' revenues. Nonetheless, the reported figure surpassed the Zacks Consensus Estimate of $164 million. The total cost of revenues was $8.5 million, down 37.9% from the prior-year quarter's level. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $21.6 million, up 49% year over year. The variable marketing margin was $69.4 million, down 8.8% year over year. As of Mar 31, 2024, cash and cash equivalent
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News
- Getaround Appoints New Independent Directors to Its Board [Yahoo! Finance]Yahoo! Finance
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- Are I bonds a safe investment? [USA TODAY]USA TODAY
- LendingTree, Inc. (NASDAQ: TREE) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Best Places For Young Professionals To Live In The U.S. In 2024 [Forbes]Forbes
TREE
Earnings
- 4/30/24 - Beat
TREE
Sec Filings
- 5/14/24 - Form 4
- 5/8/24 - Form 4
- 5/7/24 - Form 4
- TREE's page on the SEC website