Despite Sell-Off, Needham & Company Lifts PT on LendingTree (TREE)
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LendingTree Reports Record First Quarter Results; Increasing Full-Year Outlook
April 30, 2015 9:00 AM EDTCHARLOTTE, N.C., April 30, 2015 /PRNewswire/ --Â
Record Revenue of $50.9 million; up 27% over first quarter 2014 Record Variable Marketing Margin of $21.2 million; up 39% over first quarter 2014 Net Income from Continuing Operations of $5.4 million Record Adjusted EBITDA of $8.9 million; up 98% over first quarter 2014 Net Income per Diluted Share from Continuing Operations of $0.44; Adjusted Net Income per Share of $0.65 Revenue growth from non-mortgage products continued to accelerate, up 140% over first quarter 2014; fifth consecutive quarter of triple-digit year-over-year growth Increasing full-year 2015 guidanceLendingTree, Inc. (NASDAQ:... More
