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Tree.com: 1Q Earnings Snapshot

CHARLOTTE, N.C. (AP) _ Tree.com Inc. (TREE) on Friday reported a first-quarter loss of $512,000, after reporting a profit in the same period a year earlier.

The Charlotte, North Carolina-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.10 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The mortgage lending service provider posted revenue of $262.4 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $239 million.

For the current quarter ending in July, Tree.com said it expects revenue in the range of $260 million to $270 million.

The company expects full-year revenue in the range of $1.06 billion to $1.09 billion.

Tree.com shares have risen 68 percent since the beginning of the year. The stock has increased 20 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TREE at https://www.zacks.com/ap/TREE