Stock Groups

LendingTree Rallies As Q1 Revenue Guidance Reaches Above Estimates -Breaking

by Mike Robinson

[ad_1]


Sam Boughedda

Investing.com — LendingTree Inc. (NASDAQ:) shares jumped Friday following the release of fourth quarter earnings.

North Carolina-based company reported earnings per share in the range of $3.53 to $258.3million. According to analysts polled Investing.comOn revenue of $259.44 million, EPS is expected to be $1.07.

LendingTree shares rose 14% over Thursday’s closing, driven by its revenue outlook for the quarter.

LendingTree expects to see first-quarter revenue of between $280million and $290million, which is higher than the consensus estimate at $277.7million. It expects to generate revenue between $1.2 billion and $1.25 trillion for the entire year.

Trent Ziegler (LendingTree’s CFO) stated that “the Home and Consumer segments continue performing well and helping to offset headwinds within our Insurance business which we view as temporary,”.

Ziegler stated, “Our capital structure is flexible and the balance sheet allow us flexibility that we didn’t have before the onset pandemic.” He also said Ziegler.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts, buy/sell signal, and quotes. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]