LendingTree Updates FY24 Revenue From $650M-$690M To $690M-$720M Vs $670.255M Est.
Portfolio Pulse from Benzinga Newsdesk
LendingTree has revised its FY24 revenue forecast upwards from the previous range of $650M-$690M to a new range of $690M-$720M, surpassing the estimated $670.255M.
April 30, 2024 | 1:01 pm
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LendingTree has increased its FY24 revenue guidance, now expecting revenues to be between $690M and $720M, which is above the analyst estimate of $670.255M.
The upward revision of the revenue forecast by LendingTree is a strong positive signal to the market, indicating better-than-expected financial health and growth prospects. This is likely to instill confidence among investors, potentially leading to a short-term increase in the stock price as it surpasses analyst expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100