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Stock Market & Financial Investment News

News Breaks
November 26, 2012
10:02 EDTQNST, TREELendingTree, QuinStreet settle patent infringement lawsuit
LendingTree, a subsidiary of Tree.com (TREE), and QuinStreet (QNST) announced they have settled on mutually agreeable terms the patent infringement lawsuit brought by LendingTree against QuinStreet concerning LendingTree's patent that relates generally to coordinating loans over the Internet, and the counterclaims brought by QuinStreet against LendingTree. LendingTree and QuinStreet have executed a license for the patent and related patents of LendingTree, and QuinStreet has agreed not to continue to challenge the validity of LendingTree's patent. The terms of the license and other provisions of the parties' settlement are confidential, the companies said.
News For TREE;QNST From The Last 14 Days
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February 25, 2015
09:10 EDTTREELendingtree sees FY15 revenue $192.5M-$200.8M, consensus $186.11M
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09:09 EDTTREELendingtree sees Q1 revenue $46M-$48M, consensus $45.03M
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09:09 EDTTREELendingtree reports Q4 adjusted EPS 47c, consensus 27c
Reports Q4 revenue $43.9M, consensus $42.23M. Reports Q4 Mortgage Products revenue $33.2M, non-Mortgage products revenue $10.7M.
February 19, 2015
06:47 EDTTREEReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link

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