LendingTree Inc. (NASDAQ: TREE) saw its stock soar 8.52% in after-hours trading on Wednesday, following the release of the company's better-than-expected fourth quarter 2024 financial results.
The online lending marketplace operator reported adjusted earnings per share of $1.16 for the quarter, substantially beating analysts' consensus estimate of a loss of $0.05 per share. LendingTree's revenue of $261.5 million also came in well above the $236.84 million expected by Wall Street.
The robust quarterly performance, driven by strong growth across LendingTree's core lending businesses, was a positive surprise to investors and fueled the sharp after-hours rally in the company's shares.
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