(Adds Outlook, stock movement)
Looking ahead, LendingTree, Inc. (TREE) has initiated second-quarter revenue outlook above analysts' estimates, whereas revised up annual revenue guidance above Street view.
For the second-quarter, the company expects revenue of $175 million to $190 million, above the analysts' expectation of $168.32 million. For the full year, LendingTree now projects revenue of $690 million to $720 million against its previous outlook of $650 million to $690 million.
Analysts, on average, forecast the firm to generate revenue of $670.25 million, for the year.
TREE was trading up by 7.36 percent at $40.10 in the pre-market trade on the Nasdaq.
LendingTree, Inc. (TREE) revealed earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $1.0 million, or $0.08 per share. This compares with $13.5 million, or $1.04 per share, in last year's first quarter.
Excluding items, LendingTree, Inc. reported adjusted earnings of $9.2 million or $0.70 per share for the period.
Analysts on average had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 16.3% to $167.8 million from $200.5 million last year.
LendingTree, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $1.0 Mln. vs. $13.5 Mln. last year.-EPS (Q1): $0.08 vs. $1.04 last year.-Revenue (Q1): $167.8 Mln vs. $200.5 Mln last year.
-Guidance:Next quarter revenue guidance: $175 - $190 MlnFull year revenue guidance: $690 - $720 Mln
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.