TREE / LendingTree stock falls after decline in mortgage activity leads to guidance cut

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