LendingTree, Inc. Announces 24% Rise In Q1 Earnings

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

The company said its bottom line totaled $9.8 million, or $0.76 per share. This was higher than $7.9 million, or $0.65 per share, in last year's first quarter.

Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 86.1% to $94.7 million. This was up from $50.9 million last year.

LendingTree, Inc. earnings at a glance:

-Earnings (Q1): $9.8 Mln. vs. $7.9 Mln. last year. -Earnings Growth (Y-o-Y): 24.1% -EPS (Q1): $0.76 vs. $0.65 last year. -EPS Growth (Y-o-Y): 16.9% -Analysts Estimate: $0.67 -Revenue (Q1): $94.7 Mln vs. $50.9 Mln last year. -Revenue Change (Y-o-Y): 86.1%

-Guidance: Next quarter revenue guidance: $95.0 - $97.0 Mln Full year revenue guidance: $380 - $390 Mln