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Tree.com reports $12.5M 4Q loss

Charlotte-based Tree.com said it had a net loss of $12.5 million, or $1.12 a share, in the fourth quarter of 2010, down from a net loss of $21 million, or $1.92 a share, in the fourth quarter of 2009.

Revenue was $51.2 million, up 7 percent from $47.8 million a year ago.

“Overall we are pleased with the bottom line results in the fourth quarter in the face of a change in the mortgage market and seasonally low mortgage volume,” CEO Doug Lebda said. “We’ve been talking about the shift in the market that would come with rising interest rates, and we have been preparing for it. We are now executing our plans to grow and succeed in a very different market in 2011 than what we had in the last three years.”

Tree.com is the parent company of lendingtree.com.

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