LendingTree Guides Q3 Revenue to $325M-$335M, Stock Near 52-Week Low
TREE is trading near its 52-week low of $32.649 (2.6% above the low).
Summary
LendingTree issued Q3 revenue guidance of $325M-$335M, a range that brackets its Q1 actual of $327.3M but provides no explicit growth signal. The stock is trading near its 52-week low of $32.65, so this outlook could stabilize or further pressure shares depending on whether the market interprets it as flat or slightly declining. The company reported a strong Q1 turnaround driven by Insurance, but this guidance is the first concrete look at the current quarter. No earnings date has been set, leaving traders to weigh the range against macro headwinds in consumer lending.
At the time of this announcement, TREE was trading at $33.50 on NASDAQ in the Finance sector, with a market capitalization of approximately $550.6M. The 52-week trading range was $32.65 to $77.35. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.