LendingTree, Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - LendingTree, Inc. (TREE) reported a profit for its second quarter that climbed from last year.

The company's profit totaled $44.80 million, or $3.17 per share. This compares with $8.0 million, or $0.59 per share, in last year's second quarter.

Excluding items, LendingTree, Inc. reported adjusted earnings of $20.80 million or $1.47 per share for the period.

Analysts had expected the company to earn $1.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.5% to $184.10 million from $152.80 million last year.

LendingTree, Inc. earnings at a glance:

-Earnings (Q2): $20.80 Mln. vs. $12.20 Mln. last year. -EPS (Q2): $1.47 vs. $0.90 last year. -Analysts Estimate: $1.26 -Revenue (Q2): $184.10 Mln vs. $152.80 Mln last year.

-Guidance: Next quarter revenue guidance: $195 - $205 million Full year revenue guidance: $745 - $765 million