Shares of Lendingtree Inc (NASDAQ:TREE) ended Friday session in green amid volatile trading. The shares closed up +0.35 points or 0.37% at $95.69 with 242,412 shares getting traded. Post opening the session at $95.30, the shares hit an intraday low of $94.26 and an intraday high of $97.22 and the price vacillated in this range throughout the day. The company has a market cap of $1.13 billion and the numbers of outstanding shares have been calculated to be 11.78 million shares.
Lendingtree Inc (TREE) on July 28, 2016 announced results for the quarter ended June 30, 2016.
- Revenue of $94.3 million; up 71% over second quarter 2015
- Variable Marketing Margin of $34.0 million; up 59% over second quarter 2015
- Net Income from Continuing Operations of $9.0 million; up 41% over second quarter 2015
- Record Adjusted EBITDA of $16.7 million; up 88% over second quarter 2015
- Net Income per Diluted Share from Continuing Operations of $0.71
- Adjusted Net Income per Share of $0.92
- Record revenue from mortgage products of $56.0 million, up 51% over second quarter 2015
“We’re thrilled to report another terrific quarter,” said Doug Lebda, founder, Chairman and CEO. “We managed the business remarkably well through well-publicized headwinds in the personal loan industry. We delivered another new record in adjusted EBITDA for the fourth consecutive quarter and grew net income per diluted share by thirty-one percent sequentially over the first quarter,” continued Lebda. “The second quarter’s results demonstrate the resiliency of our model and give me even more confidence in our future prospects and opportunities for growth.”
Shares of Morgan Stanley (NYSE:MS) ended Friday session in red amid volatile trading. The shares closed down -0.02 points or -0.06% at $31.89 with 12,281,929 shares getting traded. Post opening the session at $31.96, the shares hit an intraday low of $31.67 and an intraday high of $32.21 and the price vacillated in this range throughout the day. The company has a market cap of $60.93 billion and the numbers of outstanding shares have been calculated to be 1.91 billion shares.
Jonathan Pruzan, Executive Vice President and Chief Financial Officer of Morgan Stanley (MS), will speak at the Barclays Global Financial Services Conference in New York on Monday, September 12, 2016 at 2:45 p.m. (Eastern Time).
Both live and on-demand versions of the webcast will be available on www.morganstanley.com in the Investor Relations section.