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LendingTree, Inc. (NASDAQ:TREE) shares are trading higher on Thursday after the company reported better-than-expected fourth-quarter financial results after-hours yesterday.
The company reported earnings of $1.16 per share, which beat the analyst consensus estimate of losses of five cents, and revenue came in at $261.5 million, which beat the analyst consensus estimate of $236.84 million.
LendingTree sees first-quarter revenue in a range of $241 million to $248 million, versus the $243.27 million analyst estimate. The company sees fiscal 2025 revenue in a range of $985 million to $1.025 billion versus the $1.02 billion estimate.
J.P. Morgan analyst Melissa Wedel raised the price forecast from $65.00 to $68.00
