LendingTree (TREE) Gains 29.2% as Q1 Earnings Beat Estimates
TREELendingTree(TREE) Zacks Investment Research·2024-05-01 21:56

LendingTree, Inc.’s (TREE) shares rallied 29.2% following the release of its higher-than-expected first-quarter 2024 results. Adjusted net income per share of 70 cents beat the Zacks Consensus Estimate of 46 cents. The reported figure compares favorably with 25 cents reported in the prior-year quarter. The company’s results were aided by lower costs, while a decline in revenues was a spoilsport. LendingTree reported net income of $1 million, down 92.6% from the year-ago quarter's level. Revenues & Variable ...