LendingTree gains 9% as earnings whip estimates

LendingTree gains 9% as earnings whip estimates

LendingTree Inc. shares gained 9% after the Charlotte-based company reported adjusted earnings per share of 87 cents, topping analysts’ estimates by 9 cents. Strong demand for home loans and credit cards caused a 29% increase in revenue. The online loan marketplace reported fourth-quarter revenue of $100.8 million, compared with $78.3 million a year earlier. Net income declined during the quarter because of a large tax gain recorded a year earlier.

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