LendingTree Q4 EPS Adj $0.28 Beats $0.04 Estimate, Sales $134.40M Miss $135.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
LendingTree reported Q4 adjusted earnings of $0.28 per share, surpassing the $0.04 estimate, but its sales of $134.40M fell short of the $135.59M estimate. This represents a 26.32% decrease in earnings and a 33.50% decrease in sales from the same period last year.
February 27, 2024 | 12:06 pm
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LendingTree's Q4 earnings exceeded expectations at $0.28 per share against a $0.04 estimate, but sales of $134.40M missed the $135.59M forecast, indicating mixed financial health.
The positive earnings surprise could provide short-term support to TREE's stock price due to better-than-expected profitability. However, the miss on sales forecasts and the significant year-over-year declines in both earnings and sales could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100