Lending Tree Shares Drop 15% on Earnings Miss

Lending Tree shares fell double digits after the company missed third quarter expectations.
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Shares of Lending Tree (TREE) - Get Report were down sharply Thursday following its latest quarterly earnings miss. The company reported a profit of $0.80 a share, two cents below expectations. Revenue came in at $94.6 million, that was also below forecasts. Non-mortgage products from the company did see a 60% year-over-year increase while mortgage products revenue grew 21%.