By Kelly Cloonan
Shares of LendingTree slid after the company's first-quarter loss and revenue came in worse than Wall Street expected.
The stock fell 23% to $41.90 on Friday, and is on pace for its biggest one-day decline since falling 25% on July 27, 2023. In the past year shares have declined 15%.
The online financial platform on Thursday posted a loss of $12.4 million, or 92 cents a share, compared with a profit of $1 million, or 8 cents a share, a year earlier. Analysts polled by FactSet expected earnings of 20 cents a share.
Adjusted earnings per share were 99 cents, beating the 65 cents analysts expected, according to a poll by FactSet.
Revenue rose 43% to $239.7 million, below analysts estimate of $244.9 million.
For the full-year, the company said it expects revenue of $955 million to $995 million, down from a previous range of $985 million to $1.03 billion. Analysts expect $984.2 million.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
May 02, 2025 14:55 ET (18:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.