LendingTree Q2 Adj EPS $1.14 Beats $0.30 Estimate, Sales $182.50M Miss $193.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
LendingTree's Q2 adjusted earnings per share of $1.14 beat the analyst consensus estimate of $0.30 by 280 percent, a 96.55 percent increase from the same period last year. However, its quarterly sales of $182.50 million missed the analyst consensus estimate of $193.75 million by 5.81 percent, a 30.32 percent decrease from the same period last year.
July 27, 2023 | 11:05 am
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NEUTRAL IMPACT
LendingTree's Q2 earnings significantly exceeded expectations, but its sales fell short of estimates.
LendingTree's earnings beat could boost investor confidence and potentially drive the stock price up. However, the sales miss could offset this positive impact, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100