LendingTree sinks after quarterly sales forecast misses estimates
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Shares of online lending marketplace LendingTree TREE.O fall 27% to $39.47
Stock set for biggest single-day percent drop in over 9 years, if losses hold
Late on Thursday, co forecast Q2 sales between $241 mln and $248 mln; analysts were expecting sales of $248.5 mln - LSEG
Co posts Q1 sales of $239.7 mln, below analysts' est of $244.9 mln - LSEG
Brokerage Northland Securities said Q1 results and forecast were "disappointing" due to macro uncertainty and regulatory headwinds
Co reports Q1 adj profit of 99 cents/share, compared with est profit of 65 cents/share - LSEG
Including session's move, stock up 0.8% YTD
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