LendingTree, Inc. Q2 Income Advances 50%

(RTTNews) - LendingTree, Inc. (TREE) released earnings for its second quarter that gained ground from last year.

The company said its bottom line advanced to $11.7 million, or $0.92 per share. This was up from $7.8 million, or $0.63 per share, in last year's second quarter.

Analysts had expected the company to earn $0.72 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 71.1% to $94.3 million. This was up from $55.1 million last year.

LendingTree, Inc. earnings at a glance:

-Earnings (Q2): $11.7 Mln. vs. $7.8 Mln. last year. -Earnings Growth (Y-o-Y): 50.0% -EPS (Q2): $0.92 vs. $0.63 last year. -EPS Growth (Y-o-Y): 46.0% -Analysts Estimate: $0.72 -Revenue (Q2): $94.3 Mln vs. $55.1 Mln last year. -Revenue Change (Y-o-Y): 71.1%