By Sam Boughedda
Investing.com -- Loan provider LendingTree Inc (NASDAQ:TREE) saw its shares jump Friday after it reported fourth-quarter earnings before the bell.
The North Carolina-based business announced earnings per share of $3.53 on revenue of $258.3 million. Analysts polled by Investing.com anticipated EPS of $1.07 on revenue of $259.44 million.
LendingTree's shares jumped 14% above Thursday's close, driven by the company's revenue outlook for the first quarter.
LendingTree sees first quarter revenue between $280 million and $290 million, above the consensus estimate of $277.7 million. For the full year, it expects revenue in a range of $1.2 billion to $1.25 billion.
"The Home and Consumer segments continue to perform well, helping offset headwinds in our Insurance business that we see as temporary," said Trent Ziegler, LendingTree's CFO.
"Our capital structure and balance sheet afford us flexibility we have not had since before the onset of the pandemic and allowed us to restart our share repurchase during the quarter," added Ziegler.