Tree.Com Swings To Profit, Lifts FY Guidance; Stock Up 20%

(RTTNews) - Tree.Com Inc (TREE), an online source for competitive loan offers, Thursday reported third-quarter net earnings of $381 thousand or $0.03 per share compared with a loss of $213 thousand or $0.02 per share last year.

Excluding items, adjusted earnings for the quarter were $0.41 per share.

Revenues for the quarter were $41 million compared with $37 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.28 per share on revenues of $42 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects revenues of $40.5 million to $42.5 million, while analysts expect $38.9 million.

For the full year, Tree raised its guidance, now expecting revenues of $164 million to $166 million, from prior range of $160.1 million to $164.3 million.

Analysts expect revenues of $163 million for the year.