LendingTree Reports Third Quarter 2020 Results
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LendingTree (TREE) Misses Q3 EPS by 13c, Revenues Beat; Offers 4Q Revenue Guidance Below Consensus
November 5, 2020 7:18 AM ESTLendingTree (NASDAQ: TREE) reported Q3 EPS of ($0.26), $0.13 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $220.3 million versus the consensus estimate of $210.58 million.
Insurance and mortgage show strength and product evolution continuesConsolidated revenue of $220.3 millionGAAP net loss from continuing operations of $(24.8) million or $(1.90) per diluted shareVariable marketing margin of $78.1 millionAdjusted EBITDA of $21.7 millionAdjusted net loss per share of $(0.26)"We're pleased to report another strong quarter at LendingTree," said Doug Lebda, Chairman & CEO. "I'm incredibly proud of the... More
