An Web business situated in Charlotte, N.C., LendingTree has stated it will probably report its first revenue ever, roughly 6 cents per share when it comes to 3rd quarter. At $13, its shares are up from $5 last year, providing it an enterprise value near $300 million, nearly four times the $82 million in revenue it had within the year closing June 30. LendingTree’s third-quarter profits report arrives out later on today. Lending Tree hopes it will likely be mentioned quickly when you look at the exact same breathing as Web champ eBay .
Trouble is, the end to LendingTree’s economic losings does not end doubts about its enterprize model. LendingTree professes to simply help customers get a far better deal on the home loan (or vehicle home or loan equity loan etc.). [Read more...]