=LendingTree (TREE) reported earnings on Thur 27 July 2017 (b/o)

LendingTree misses by $0.04, beats on revs; guides Q3 revs above consensus; raises FY17 revs above consensus :

• Reports Q2 (Jun) earnings of $0.90 per share, $0.04 worse than the Capital IQ Consensus of $0.94; revenues rose 62.0% year/year to $152.8 mln vs the $135.48 mln Capital IQ Consensus. Total loan requests in the quarter of 5.4 million grew 48%. Record Variable Marketing Margin of $48.3 million represents an increase of $14.3 million, or 42%, over second quarter 2016. Record Adjusted EBITDA of $27.0 million increased $10.3 million, or 62%, over second quarter 2016.
• Co issues upside guidance for Q3, sees Q3 revs of $155-160 mln vs. $138.09 mln Capital IQ Consensus Estimate; VMM $51-54 mln; EBITDA $28-30 mln.
• Co issues upside guidance for FY17, raises FY17 revs to $580-590 mln from $535-545 mln vs. $543.02 mln Capital IQ Consensus; VMM 190-195 mln; EBITDA $103-106 mln.