Q1 Earnings Snapshot

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Inc. (TREE) on Tuesday reported first-quarter profit of $13.5 million.

On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $1.04. Earnings, adjusted for one-time gains and costs, were 25 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The mortgage lending service provider posted revenue of $200.5 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $207.4 million.

For the current quarter ending in June, said it expects revenue in the range of $190 million to $200 million.

The company expects full-year revenue in the range of $760 million to $800 million.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TREE at

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