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Thursday, February 11, 2016

Lending Club (LC) reported earnings on Thur 11 Feb 2016 (a/h)

** charts before earnings **






** charts after earnings **






Lending Club beats by $0.01, beats on revs; board approved $150 mln stock buyback :
  • Reports Q4 (Dec) earnings of $0.05 per share, $0.01 better than the Capital IQ Consensus of $0.04; revenues rose 93.2% year/year to $134.5 mln vs the $130.14 mln Capital IQ Consensus.
  • The board of directors has approved a share repurchase program under which Lending Club may repurchase up to $150 million of the Company's common shares

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