Tree.com, Inc. (TREE) Tops Q2 EPS Views

Tree.com, Inc. (NASDAQ: TREE) reported Q2 EPS of $0.23, and adjusted EPS of $0.39 both better than the analyst estimate of $0.21. Revenue for the quarter came in at $42.1 million versus the consensus estimate of $42.55 million.

"The second quarter was another solid one for Tree.com, as we produced record revenue and exceeded our guidance on variable marketing margin and adjusted EBITDA," said Doug Lebda, Chairman & CEO of Tree.com. "We out-performed the overall mortgage market and continued to scale our non-mortgage revenues, reflecting continued diversification into other highly relevant, loan and credit-based categories. And while we're delighted with our financial performance this quarter, we're even more excited about the transformation under way at LendingTree."

"In the second quarter, we launched the new My LendingTree, a platform that combines personalization and comparison shopping, while providing free credit scores, monthly updates, credit score analysis and an in-depth view of a consumer's credit profile. With the launch of My LendingTree, coupled with the proliferation of new lending platforms and sources of capital in multiple categories, we're uniquely positioned to not only empower consumers, but also to increase the lifetime value of these relationships."

For earnings history and earnings-related data on Tree.com, Inc. (TREE) click here.

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