Tree.com: Q2 Earnings Snapshot

July 28, 2022 GMT

CHARLOTTE, N.C. (AP) _ Tree.com Inc. (TREE) on Thursday reported a loss of $8 million in its second quarter.

On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 63 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The mortgage lending service provider posted revenue of $261.9 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $261.7 million.

For the current quarter ending in October, Tree.com said it expects revenue in the range of $235 million to $245 million.

The company expects full-year revenue in the range of $985 million to $1.01 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TREE at https://www.zacks.com/ap/TREE