LendingTree, Inc. (TREE) reported earning highlights, indicating a substantial turnaround in their financial situation as compared to the same period in the previous year. For the fourth quarter, the company has earnings amounting to $12.7 million in contrast to a loss of -$10.4 million in the same period last year. Furthermore, earnings per share (EPS) stood at $0.98 in comparison with -$0.81 during the same timeframe last year.
LendingTree has also reported an adjusted earnings of $3.6 million, equivalent to $0.28 per share, for the period once specific items were excluded. This significantly surpasses analysts' projection of $0.04 per share.
Regarding revenue, there were returns of $134.4 million in the fourth quarter as against $202.1 million in the same quarter last year. In terms of guidance for the next quarter, the revenue is estimated to be between $158 million and $168 million.
