LendingTree Inc. (TREE) Raises 2015 Outlook
LendingTree Inc.(NASDAQ: TREE) stock surged more than 40% in yesterday’s trade, producing an all new high. Much of the increase was generated on the back of solid 2Q earnings reported earlier this week. The company posted an earnings beat of more than 90% over the Street’s expectations, after markets closed Monday. Analysts had predicted earnings per share (EPS) of $0.33. Lendingtree reported an EPS of $0.63, significantly up from $0.39 reported last year, and guided investors to a higher 2015 outlook.