TREE - LendingTree Stock Climbs On Better-Than-Expected Q1 Results Guidance Above Estimates | Benzinga
LendingTree, Inc. (NASDAQ:TREE) shares are trading higher Tuesday after the company posted better-than-expected first-quarter financial results and issued strong guidance. Here's a look at the details.
The Details:
LendingTree reported quarterly earnings of 70 cents per share which beat the analyst consensus estimate of 37 cents by 89.19% and represents a 180% increase over earnings from the same period last year.
Quarterly sales clocked in at $167.8 million which beat the analyst consensus estimate of $162.773 million by 3.09%.
Home segment revenue of $30.4 million decreased 30% over the first quarter 2023 and produced segment profit of $9.6 ...