LendingTree Reports Earnings, Shares Drop 22% Despite Revenue Growth
LendingTree's stock fell nearly 22% after its first-quarter earnings report, despite a 37% year-over-year revenue increase and a shift to profitability under GAAP. The company's earnings per share of $1.22 missed analyst expectations of $1.47, leading to investor concerns.
Tickers: $TREE
Topics: Earnings Financial Services Profitability Revenue Growth Stock Performance