LendingTree Shares Drop 7% on Reduced Q2 Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/TREE'>LendingTree, Inc. (NASDAQ:TREE)</a> shares dropped more than 7% on Friday following the release of the company’s revised Q2 guidance.</p>
<p>Given rapidly increasing interest rates and persistent inflation above 8% that are negatively impacting the company’s Homes and Insurance segments, management lowered its Q2 revenue estimate to $259-$264 million, compared to its prior guidance of $283-$293 million. Adjusted EBITDA estimates were reduced to $26-$29 million, compared to the prior guidance of $35-$40 million.</p>
<p>Despite the difficult macro back-drop, the company remains committed to its growth initiatives and expects to be free cash flow positive throughout the year.</p>

NASDAQ:TREE