LendingTree (TREE): Needham Reiterates Buy, $140 PT
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LendingTree Reports Record Q1 2016 Results; Increasing 2016 Outlook
May 4, 2016 7:01 AM EDTCHARLOTTE, N.C., May 4, 2016 /PRNewswire/ --
Record Revenue of $94.7 million; up 86% over first quarter 2015 Record Variable Marketing Margin of $34.1 million; up 61% over first quarter 2015 Net Income from Continuing Operations of $6.9 million Record Adjusted EBITDA of $15.8 million; up 78% over first quarter 2015 Income per Diluted Share from Continuing Operations of $0.54; Adjusted Net Income per Share of $0.76 Record revenue from mortgage products of $55.0 million, up 49% over first quarter 2015 Record revenue from non-mortgage products of $39.7 million, up 186% over first quarter 2015 Increasing full-year 2016 Revenue & Variable Marketing Margin... More