Tree.com, Inc. (TREE) Misses Q3 EPS by 3c, Offers Guidance
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Tree.com, Inc. (NASDAQ: TREE) reported Q3 EPS of $0.02, $0.03 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $29.2 million versus the consensus estimate of $22.37 million.
Business Outlook – 2012 and 2013
Tree is providing revenue, Variable Marketing Margin and Adjusted EBITDA guidance for 2012 and 2013 as follows:
For 2012:
"We expect revenue from continuing operations in the fourth quarter 2012 to be 23%-27% higher than adjusted Exchanges revenue from the fourth quarter 2011. This equates to approximately 108%-114% higher revenue from continuing operations than reported in the fourth quarter 2011 on a GAAP basis.
Variable marketing margin in the fourth quarter 2012 is expected to be $10-$11 million. The company did not previously provide guidance on variable marketing margin."
"Adjusted Exchanges EBITDA guidance for the full year 2012 is revised to $13-$14 million, from $12-$14 million previously."
"We are withdrawing our guidance for Net Income because of uncertainty in projecting the effects of the wind-down of discontinued operations and tax considerations. "
For 2013:
"Revenue is anticipated to grow 15%–20% over 2012 adjusted Exchanges revenue.
"This equates to approximately 41%-46% over 2012 revenue from continuing operations reported on a GAAP basis."
"Variable marketing margin is anticipated to be 45%-48% of revenue.
Adjusted EBITDA is anticipated to be $15–$17 million."
For earnings history and earnings-related data on Tree.com, Inc. (TREE) click here.
Business Outlook – 2012 and 2013
Tree is providing revenue, Variable Marketing Margin and Adjusted EBITDA guidance for 2012 and 2013 as follows:
For 2012:
"We expect revenue from continuing operations in the fourth quarter 2012 to be 23%-27% higher than adjusted Exchanges revenue from the fourth quarter 2011. This equates to approximately 108%-114% higher revenue from continuing operations than reported in the fourth quarter 2011 on a GAAP basis.
Variable marketing margin in the fourth quarter 2012 is expected to be $10-$11 million. The company did not previously provide guidance on variable marketing margin."
"Adjusted Exchanges EBITDA guidance for the full year 2012 is revised to $13-$14 million, from $12-$14 million previously."
"We are withdrawing our guidance for Net Income because of uncertainty in projecting the effects of the wind-down of discontinued operations and tax considerations. "
For 2013:
"Revenue is anticipated to grow 15%–20% over 2012 adjusted Exchanges revenue.
"This equates to approximately 41%-46% over 2012 revenue from continuing operations reported on a GAAP basis."
"Variable marketing margin is anticipated to be 45%-48% of revenue.
Adjusted EBITDA is anticipated to be $15–$17 million."
For earnings history and earnings-related data on Tree.com, Inc. (TREE) click here.
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