Tree.com: Q3 Earnings Snapshot
By AP News
Published - Oct 31, 2024, 04:18 PM ET
Last Updated - Oct 31, 2024, 04:18 PM EDT
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Tree.com Inc. (TREE) on Thursday reported a loss of $58 million in its third quarter.
The Charlotte, North Carolina-based company said it had a loss of $4.34 per share. Earnings, adjusted for asset impairment costs and stock option expense, came to 80 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The mortgage lending service provider posted revenue of $260.8 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $244 million.
