LendingTree Reports Second Quarter 2020 Results
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Lending Tree (TREE) PT Raised to $400 at RBC Capital
August 4, 2020 1:49 PM EDTRBC Capital analyst Mark Mahaney raised the price target on Lending Tree (NASDAQ: TREE) to $400.00 (from $361.00) while maintaining a Outperform rating.
... MoreLending Tree (TREE) PT Raised to $400 at Needham & Company
August 4, 2020 1:13 PM EDTNeedham & Company analyst Mayank Tandon raised the price target on Lending Tree (NASDAQ: TREE) to $400.00 (from $375.00) while maintaining a Buy rating.
The analyst commented, "TREE reported 2Q results which were broadly in-line with the company's pre-announcement on July 16. TREE provided a... More
LendingTree (TREE) Tops Q2 EPS by 50c, Revenues Beat; Offers 3Q Revenue Guidance
August 4, 2020 7:11 AM EDTLendingTree (NASDAQ: TREE) reported Q2 EPS of $0.46, $0.50 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $184.3 million versus the consensus estimate of $175.38 million.
Results demonstrate benefits of diversification & flexible cost structureConsolidated revenue of $184.3 millionGAAP net loss from continuing operations of $(8.6) million or $(0.66) per diluted shareVariable marketing margin of $82.5 millionAdjusted EBITDA of $30.8 millionAdjusted... More