LendingTree Reports First Quarter 2020 Results
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LendingTree (TREE) Tops Q1 EPS by 26c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus
May 5, 2020 7:05 AM EDTLendingTree (NASDAQ: TREE) reported Q1 EPS of $1.34, $0.26 better than the analyst estimate of $1.08. Revenue for the quarter came in at $283.1 million versus the consensus estimate of $287.04 million.
First Quarter 2020 Business Highlights
Home segment revenue of $79.2 million and segment profit of $35.9 million grew 25% and 50%, respectively, over first quarter 2019.Within Home, mortgage products revenue grew 46% over the prior year period.Insurance revenue of $82.7 million grew 23% over first quarter 2019 and translated into Insurance segment profit of $30.5 million.Consumer segment revenue of $119.9 million decreased 1% over first... More