=LendingTree (TREE) reported earnings on Thur 25 July 2019 (b/o)

LendingTree misses by $0.22, beats on revs; guides Q3 revs above consensus; raises FY19 revs and EBITDA 

Reports Q2 (Jun) earnings of $1.18 per share, excluding non-recurring items, $0.22 worse thanthe S&P Capital IQ Consensus of $1.40; revenues rose 51.2% year/year to $278.4 mln vs the $267.46 mln S&P Capital IQ Consensus.

• Record Adjusted EBITDA of $46.3 million increased 25% over second quarter 2018.

Co issues upside guidancefor Q3, sees Q3 revs of $290-300 vs. $283.40 mln S&P Capital IQ Consensus; Variable Marketing Margin is expected in the range of $104 - $109 million. Adjusted EBITDA is anticipated in the range of $55 - $60 million.

Co issues in-line guidancefor FY19, sees FY19 revs of $1.08-1.10 bln (Prior $1.06-1.09 bln) vs. $1.08 bln S&P Capital IQ Consensus Variable Marketing Margin is expected in the range of $390 - $405 million, compared to prior range of $400 - $415 million. Adjusted EBITDA is anticipated in the range of $195 - $205 million, compared to prior range of $210 - $220 million.