LendingTree (TREE) Gains 4.4% Despite Q2 Earnings Miss Estimates

LendingTree, Inc.'s (TREE) second-quarter 2024 adjusted net income per share of 54 cents missed the Zacks Consensus Estimate of 73 cents. The reported figure compares unfavorably with $1.14 reported in the prior-year quarter. The results exclude certain non-recurring items. After considering these, TREE reported GAAP net income of $7.8 million against a loss of $0.1 million in the year-ago quarter's level. Total revenues were up 15.1% year over year to $210.1 million. The rise stemmed from a substantial inc ...