LendingTree (TREE) Gains 4.4% Despite Q2 Earnings Miss Estimates
TREELendingTree(TREE) ZACKS·2024-07-27 01:01

LendingTree, Inc.’s (TREE) second-quarter 2024 adjusted net income per share of 54 cents missed the Zacks Consensus Estimate of 73 cents. The reported figure compares unfavorably with $1.14 reported in the prior-year quarter.The results were affected by a lower liquidity level and a decline in earnings before interest, taxes, depreciation and amortization (EBITDA). However, a rise in revenues, along with lower costs, acted as tailwinds. Probably driven by these positive aspects, shares of the company gained ...