Lending Tree Lifts FY15 Outlook

(RTTNews) - Online loan marketplace Lending Tree Inc. (TREE, TREEA) Monday said it raised its adjusted EBITDA guidance range for the full year 2015 to $38.3 to $38.8 million, while the previous guidance was in a range of $35 to $36 million. Revenue of the full year is now expected in the range of $244 to $247 million, up from its prior guidance of $225 to $230 million. On average, 2 analysts polled by Thomson Reuters expected the company to earn $1.92 per share on revenue of $228.30 million. Analysts estimates usually exclude special items.

For the fourth quarter, the company expects adjusted EBITDA of $9.5 to $10 million and revenue of $68.1 to $71.1 million. Wall Street expects $0.46 per share on revenue of $61.57 million.

For the full year 2016, the company expects adjusted EBITDA in a range of $50 to $52 million representing a growth of 30 to 35 percent to the midpoint of its full year 2015 guidance.

The company also issued revenue guidance for the full year 2016 in a range of $315 to $320 million, while analysts are looking for $284.72 million. The revenue outlook represents a growth of 28 to 30 percent over the midpoint of its full year 2015 guidance of $192.5 million to $200.8 million.

For the third quarter the company reported a surge in net income to $6.088 million or $.49 per share from $381 thousand or $0.03 per share last year. Revenue of the quarter increased 69 percent to $69.80 million from $41.31 million in the previous year. On an adjusted basis, net income per share increased to $0.59 from $0.52 last year. Analysts were looking for $0.49 per share for the quarter on revenue of $61.01 million.