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Tuesday, February 19, 2019

-=Lending Club (LC) reported earnings on Tue 19 Feb 2019 (a/h)

Lending Club misses by $0.03, reports revs in-line
  • Reports Q4 (Dec) loss of $0.01 per share, excluding non-recurring items, $0.03 worse than the S&P Capital IQ Consensus of $0.02; revenues rose 16.0% year/year to $181.5 mln vs the $182.59 mln S&P Capital IQ Consensus.
  • Adjusted EBITDA was $28.5 million in the fourth quarter of 2018, improving $9.4 million compared to the same quarter last year and improving $0.4 million from the third quarter of 2018.
  • Loan originations of $2.9 billion, up 18% year-over-year.

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