Tree.com (TREE) Plans to Exceed Q4 Outlook
Tweet
Share
E-mailGet Alerts TREE Hot Sheet
Join SI Premium – FREE
Tree.com, Inc. (NASDAQ: TREE) expects to meet or exceed the upper end of its most recent guidance, which was $14 million Adjusted Exchanges EBITDA for the full year 2012, and $2.5 million Adjusted EBITDA from continuing operations for the fourth quarter 2012.
Doug Lebda, chairman and CEO of Tree.com, noted, "As we committed to our shareholders, we are examining all the potential uses of our cash, and in addition to our continued share buyback plan, we believe it is appropriate at this time to return capital to our shareholders. Following this dividend, we will still have substantial capital resources to explore prudent acquisition opportunities, operate our business, and continue to repurchase our stock. We will continue to explore all of these avenues, in addition to the possibility of future dividends, and keep our shareholders appropriately informed of our strategy."
Commenting on the increased guidance for the fourth quarter, Lebda continued, "Sales to lenders and our marketing performance have continued to outperform our expectations, countering the typical seasonal trends in the fourth quarter. We are continuing to take market share and gain momentum which bodes well for our 2013 growth plans."
Doug Lebda, chairman and CEO of Tree.com, noted, "As we committed to our shareholders, we are examining all the potential uses of our cash, and in addition to our continued share buyback plan, we believe it is appropriate at this time to return capital to our shareholders. Following this dividend, we will still have substantial capital resources to explore prudent acquisition opportunities, operate our business, and continue to repurchase our stock. We will continue to explore all of these avenues, in addition to the possibility of future dividends, and keep our shareholders appropriately informed of our strategy."
Commenting on the increased guidance for the fourth quarter, Lebda continued, "Sales to lenders and our marketing performance have continued to outperform our expectations, countering the typical seasonal trends in the fourth quarter. We are continuing to take market share and gain momentum which bodes well for our 2013 growth plans."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lazard Global Total Return fund declares $0.1534 monthly distribution
- Fortive (FTV) Declares $0.07 Quarterly Dividend; 0.5% Yield
- Peoples Bancorp (PEBK) Declares $0.21 Quarterly Dividend; 1.9% Yield
Create E-mail Alert Related Categories
Guidance, Hot GuidanceRelated Entities
Dividend, Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
