Lending Tree Raises 2016 Outlook; Expands Share Repurchase Program - Quick Facts

(RTTNews) - While reporting its fourth-quarter financial results today, online loan marketplace Lending Tree Inc. (TREE, TREEA) raised its financial outlook for fiscal 2016 and said it has expanded its stock repurchase program by $40 million. The company's full-year revenue outlook is above analysts' expectations.

For fiscal 2016, Lending Tree now forecasts revenue in a range of $370 million to $380 million, or up 46 to 49 percent over full-year 2015, and an increase from prior guidance range of $315 million to $320 million.

On average, analysts polled by Thomson Reuters expect the company to report revenue of $324.53 million for the year. Analysts' estimates usually exclude special items.

The company now anticipates fiscal 2016 adjusted EBITDA in a range of $62 million to $65 million, or up 52 to 59 percent compared to full-year 2015, and an increase from prior guidance range of $50 million to $52 million.

Lending Tree said it has received further authorization from its board of directors to repurchase up to an additional $40 million of its shares. In total, the company holds $57.3 million in remaining share repurchase authorization.