LendingTree Inc.
TREE,
+0.69%

said late it was raising its outlook for the quarter as low interest rates drove mortgage refinancing. The company forecast revenue of $182 million to $186 million, up from its previous forecast range of $160 million to $175 million. Analysts surveyed by FactSet expect revenue of $170.8 million. “Across our three reportable segments, much of the strength was driven by our home segment, where low interest rates have driven robust consumer interest in refinancing and product innovation has enabled us to retain greater capacity with our lenders than we’ve historically seen,” said J.D. Moriarty, LendingTree chief financial officer, in a statement. Shares of LendingTree rose 1.7% after hours, following a 0.7% rise to end the regular session at $317.68.



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