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Tree.com: 2Q Earnings Snapshot

July 25, 2019

CHARLOTTE, N.C. (AP) _ Tree.com Inc. (TREE) on Thursday reported second-quarter profit of $12.2 million.

On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 82 cents. Earnings, adjusted for one-time gains and costs, were $1.18 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The mortgage lending service provider posted revenue of $278.4 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $267.4 million.

For the current quarter ending in October, Tree.com said it expects revenue in the range of $290 million to $300 million.

The company expects full-year revenue in the range of $1.08 billion to $1.1 billion.

Tree.com shares have climbed 88% since the beginning of the year. The stock has risen 69% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TREE at https://www.zacks.com/ap/TREE

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