LendingTree Inc. reported an operating loss of $19.6 million in the second quarter, matching the consensus estimate of a $1.06 per-share loss and bringing its total loss for the year to more than $36 million.

Though the second-quarter loss was a 330% increase from the year earlier, LendingTree officials pointed to similarly big increases in revenues and loan volume and said the company is on track to profitability, which they forecast for the first half of 2002.

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