-+ 0.00%
-+ 0.00%
-+ 0.00%
Tree.com: Q2 Earnings Snapshot
Share
Listen to the news

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Tree.com Inc. (TREE) on Wednesday reported net income of $9.6 million in its second quarter.

On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 68 cents. Earnings, adjusted for stock option expense and restructuring costs, were $1.27 per share.

The mortgage lending service provider posted revenue of $313.4 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $315.1 million.

For the current quarter ending in September, Tree.com said it expects revenue in the range of $325 million to $335 million.

The company expects full-year revenue in the range of $1.3 billion to $1.32 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TREE at https://www.zacks.com/ap/TREE

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending