Shares of
Lendingtree Inc (NASDAQ:
TREE) were trading higher by nearly 5 percent at $90.50 early Wednesday morning after the company
revised its revenue and EBITDA guidance higher.
LendingTree raised its full year fiscal 2015 revenue expectation to a new range of $252.5 million to $253.5 million from a prior range of $244 million to $247 million.
Wall Street analysts were expecting LendingTree's revenue to total $246.32 million in fiscal 2015.
LendingTree also raised its fiscal 2015 Adjusted EBITDA guidance to a range of $38.8 million to $39.8 million from a prior range of $38.3 million to $38.8 million.
"Both our mortgage and non-mortgage business continued to perform exceptionally well in the fourth quarter," said Doug Lebda, founder and CEO of LendingTree. "Our mortgage business continued its growth trajectory through what is typically a seasonally-challenging period and despite market fears over rising interest rates. Additionally, we continue to see new growth drivers emerge and we're particularly pleased with the performance in our credit cards and home equity marketplaces. We'll discuss our final results on the call in February, at which time we'll also address any updates to our full-year 2016 outlook."
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