Tree.com: 2Q Earnings Snapshot
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.