TREE / LendingTree to cut around 13% of its workforce

Lower costs support LendingTree's (TREE) Q3 earnings to some extent. However, the overall decline in revenues hurt the stock. more_horizontal

LendingTree continued to be affected by high interest rates and consumers having difficulty accessing credit in the third quarter. During the quarter more_horizontal

LendingTree, Inc. (NASDAQ:TREE ) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Andrew Wessel - Head of IR Doug Leb more_horizontal

Matt Schulz, LendingTree chief credit analyst, joins 'The Exchange' to discuss the toll of inflation on consumer spending, sentiment data versus macro more_horizontal

Smaller banks have seen credit-card delinquencies hit record levels as the tally of debt tops $1 trillion for the first time in history and as many co more_horizontal

With interest rising, LendingTree is still seeing revenue fall across the board. The company cut its full-year guidance and expects a sequential decli more_horizontal

Tree.com (TREE) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earning more_horizontal

Catalyst remains minimal in the near term, but potential recovery in FY 2025 onwards means that the stock could be undervalued today. Home and consume more_horizontal