Northland Capital Markets Downgrades Lending Tree (TREE) to Market Perform
- Wall St slips as higher yields offset upbeat corporate earnings
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Boeing reports first revenue drop in 7 quarters as deliveries decline
- Oil prices slip as U.S. business activity cools, concerns over Middle East ease
- Yen on the brink, but Tesla pulls back
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Hasbro (HAS) brand strength sees earnings top expectations
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
Lending Tree (TREE) PT Lowered to $105 at Needham & Company
May 5, 2022 3:58 PM EDTNeedham & Company analyst Mayank Tandon lowered the price target on Lending Tree (NASDAQ: TREE) to $105.00 (from $145.00) while maintaining a Buy rating following earnings.
The analyst commented, "TREE reported 1Q results that were largely in-line with both our and Street estimates as strength... More
LendingTree (TREE) Tops Q1 EPS by 38c; Guides Below Views
May 5, 2022 7:06 AM EDTLendingTree (NASDAQ: TREE) reported Q1 EPS of $0.46, $0.38 better than the analyst estimate of $0.08. Revenue for the quarter came in at $283.2 million versus the consensus estimate of $285.39 million.
GUIDANCE:
LendingTree sees Q2 2022 revenue of $283-293 million, versus the consensus of $295.6... More