CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Tree.com Inc. (TREE) on Tuesday reported fourth-quarter profit of $12.7 million.
The Charlotte, North Carolina-based company said it had net income of 98 cents per share. Earnings, adjusted for one-time gains and costs, came to 28 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The mortgage lending service provider posted revenue of $134.4 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $135.5 million.
For the year, the company reported a loss of $122.4 million, or $9.46 per share. Revenue was reported as $672.5 million.
For the current quarter ending in March, Tree.com said it expects revenue in the range of $158 million to $168 million.
The company expects full-year revenue in the range of $650 million to $690 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TREE at https://www.zacks.com/ap/TREE