CHARLOTTE, N.C. (AP) _ Tree.com Inc. (TREE) on Thursday reported first-quarter net income of $31.5 million.
The Charlotte, North Carolina-based company said it had profit of $2.12 per share. Earnings, adjusted for one-time gains and costs, were $1.10 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The mortgage lending service provider posted revenue of $181 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $173.6 million.
For the current quarter ending in July, Tree.com said it expects revenue in the range of $193 million to $200 million.
The company expects full-year revenue in the range of $770 million to $790 million.
Tree.com shares have fallen almost 10 percent since the beginning of the year. The stock has more than doubled in the last 12 months.
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