Lending Club Cashes In As Q1, Outlook Beat Estimates

By | May 5, 2015

Scalper1 News

Lending Club (LC) reported first-quarter earnings after the market close Tuesday that beat expectations, as did its Q2 and full-year outlook, sending the stock higher in after-hours trading. Lending Club reported Q1 revenue of $81 million, up 109% from the year-earlier period and above the consensus estimate of $75.7 million, as polled by Thomson Reuters. Earnings per share minus items were 2 cents, beating estimates by a penny and compared with a Scalper1 News

Scalper1 News