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.
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