LendingClub: Q4 Earnings Snapshot
By AP News
Published - Jan 30, 2024, 04:30 PM ET
Last Updated - Jan 30, 2024, 04:30 PM EST
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — LendingClub Corp. (LC) on Tuesday reported fourth-quarter net income of $10.2 million.
The San Francisco-based company said it had profit of 9 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The company that connects borrowers and lenders online posted revenue of $185.6 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $180.7 million.
