By Katherine Hamilton
LendingTree shares rose after the company lifted its sales outlook for fourth quarter and the current fiscal year.
The stock climbed 8% to $65.38 on Thursday. Shares are up 69% this year.
The company said before the open it now expects fourth-quarter revenue of $280 million to $290 million, which tops the $274 million analysts expect, according to FactSet. For the full-year, sales are expected to be $1.08 billion to $1.09 billion, up from the company's previous guidance of $1 billion to $1.05 billion.
Revenue for the third quarter rose 18% to $307.8 million, beating analysts' expectations of $289 million. Adjusted earnings of $1.70 a share were ahead of the $1.40 Wall Street was anticipating, according to FactSet.
LendingTree's insurance segment sales increased 20%, while consumer revenue was up 11% and home revenue rose 18%.
The report was LendingTree's first since its chief executive died in an ATV accident earlier this month.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
October 30, 2025 15:54 ET (19:54 GMT)
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