=Lending Club (LC) reported earnings on Mon 7 Aug 2017 (a/h)

• #2 on Fri and Mon 8/7;  +20%

Lending Club misses by $0.04, beats on revs; guides Q3 revs above consensus; raises FY17 revs above consensus(5.46 +0.25)

• Reports Q2 (Jun) loss of $0.06 per share, $0.04 worse than the Capital IQ Consensus of ($0.02); revenues rose 35.0% year/year to $139.6 mln vs the $134.02 mln Capital IQ Consensus.
• Co issues upside guidance for Q3, sees Q3 revs of $154-159 mln vs. $151.50 mln Capital IQ Consensus Estimate.
  • Net Income (Loss) in the range of $(12) million to $(8) million.
  • Adjusted EBITDA in the range of $18 million to $22 million.
• Co issues upside guidance for FY17, sees FY17 revs of $585-600 mln (Prior $575-595 mln) vs. $576.08 mln Capital IQ Consensus Estimate.
  • Net Income (Loss) in the range of $(69) million to $(61) million (Prior net loss $67-77 mln)
  • Adjusted EBITDA in the range of $50 million to $58 million (Prior $45-55 mln)