=Lending Club (LC) reported earnings on Tue 7 Nov 017 (a/h)

Lending Club misses by $0.05, misses on revs; guides Q4 revs below consensus 

• Reports Q3 (Sep) loss of $0.02 per share, $0.05 worse than the Capital IQ Consensus of $0.03; revenues rose 34.4% year/year to $154 mln vs the $157.03 mln Capital IQ Consensus.
• Co issues downside guidance for Q4, sees Q4 revs of $158-163 mln vs. $173.68 mln Capital IQ Consensus Estimate.
  • Co sees net Income (Loss) in the range of $(7) million to $(3) million.
  • Co guides for adjusted EBITDA in the range of $19 million to $23 million.
• "We are seeing operating leverage as we continue to scale and invest in reducing friction and creating efficiency in our products. We closed our third quarter with $20.9 million in adjusted EBITDA, expanding the margin by over 10 points."