CHARLOTTE, N.C. (AP) 鈥� CHARLOTTE, N.C. (AP) 鈥� Tree.com Inc. (TREE) on Thursday reported first-quarter net income of $17.3 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.22. Earnings, adjusted for stock option expense and amortization costs, were $1.66 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The mortgage lending service provider posted revenue of $327.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $321.1 million.
For the current quarter ending in June, Tree.com said it expects revenue in the range of $305 million to $325 million.
The company expects full-year revenue in the range of $1.3 billion to $1.35 billion.
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