LendingTree Sees Topping Q4, FY14 Revenue Guidance

(RTTNews) - LendingTree, Inc. (TREE) said Monday that now expects to exceed its previously provided revenue guidance of $40.5 million to $42.5 million for fourth quarter and $164.0 million to $166.0 million for the full-year 2014.

Analysts polled by Thomson Reuters currently expect the company to post revenue of $41.97 million for the fourth quarter and $165.54 million for the full year 2014.

"In Q4, we saw continued positive momentum from our results in Q3. Our Mortgage Marketplace was able to manage well through a significant surge in consumer volume while our non-mortgage products saw continued growth," said Doug Lebda, Chairman & CEO of LendingTree.

Looking forward, LendingTree forecasts full year 2015 revenue to be in the range of $185 million to $190 million. Analysts currently expect the company to post revenue of $184.94 million for the full year 2014.