CHARLOTTE, N.C. (AP) _ Tree.com Inc. (TREE) on Wednesday reported third-quarter earnings of $4.3 million.
The Charlotte, North Carolina-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, were $2.25 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The mortgage lending service provider posted revenue of $310.6 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $295.2 million.
Tree.com expects full-year revenue in the range of $1.1 billion to $1.12 billion.
Tree.com shares have risen 44% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $315.62, a rise of 62% in the last 12 months.