LendingTree (TREE) Tops Q1 EPS by 35c, Lowers FY Guidance

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LendingTree (TREE) shares plummet after full-year revenue guidance slashed

May 2, 2023 9:26 AM EDT

LendingTree (NASDAQ: TREE) shares dropped more than 27% to around $17 per share Tuesday after the company lowered full-year revenue guidance, missing expectations by a large margin.

In the first quarter, the online lending marketplace reported Q1 EPS of $0.25, $0.35 better than the analyst... More