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Tuesday, May 8, 2018

-=Lending Club (LC) reported earnings on Tue 8 May 2018 (a/h)



Lending Club beats by $0.02, reports revs in-line; guides Q2 revs in-line; guides FY18 revs in-line 
  • Reports Q1 (Mar) earnings of $0.01 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of ($0.01); revenues rose 21.8% year/year to $151.7 mln vs the $150.62 mln Capital IQ Consensus.
  • Co issues in-line guidancefor Q2, sees Q2 revs of $162-172 mln vs. $167.06 mln Capital IQ Consensus Estimate.
    • Net loss in the range of$10-20 mln;
    • Adjusted EBITDA in the range of $12-22 mln.
  • Co issues in-line guidancefor FY18, sees FY18 revs of $680-705 mln vs. $694.98 mln Capital IQ Consensus Estimate.
    • Net Loss in the range of $55-70 mln;
    • EBITDA in the range of $75-90 mln.

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