LendingTree extends gains after Q3 profit beat

LendingTree

31/10/2023 18:30

(Updates)
    ** Shares of digital lender LendingTree  TREE.O  surge ~ 20%
to $13.25 
    ** Co reports adjusted profit of 61 cents/shr vs LSEG
estimate of 35 cents/shr
    ** Results boosted by stronger margins in consumer and
insurance units, co says
    ** Stock down by ~50% YTD, as of last close  

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))