LendingTree Reports Record 2Q 2018 Results
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LendingTree (TREE) Tops Q2 EPS by 21c, Revenues Miss; Lowers FY18 Revenue Outlook
July 26, 2018 7:04 AM EDTLendingTree (NASDAQ: TREE) reported Q2 EPS of $1.47, $0.21 better than the analyst estimate of $1.26. Revenue for the quarter came in at $184.1 million versus the consensus estimate of $194.57 million.
"Our second quarter results once again prove the resiliency of the LendingTree business model," said Doug Lebda, Chairman and CEO. \"Despite well-publicized challenges in the mortgage and credit card industries, similar to mortgage and personal loan worries we\'ve seen in the past, our marketplace model enabled us to continue to grow variable marketing margin and adjusted EBITDA. We have once again proven our ability to... More
