LendingClub (LC) Tops Q3 EPS by 7c, Trims FY Guidance

November 5, 2019 4:46 PM EST

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LendingClub (NYSE: LC) reported Q3 EPS of $0.09, $0.07 better than the analyst estimate of $0.02. Revenue for the quarter came in at $204.9 million versus the consensus estimate of $204.81 million.


LendingClub sees FY2019 revenue of $760-770 million, versus the consensus of $779.4 million.

  • Narrowing full year 2019 Net Revenue range to $760 million to $770 million.
  • Updating full year GAAP Consolidated Net Loss range to ($31) million to ($26) million reflecting $26 million year-to-date expenses related to legal, regulatory and other expense related to legacy issues, cost structure simplification expense, and other items recognized during the first nine months of 2019.
  • Improving full year Adjusted Net Income (Loss) range to ($5) million to $0 million, and raising Adjusted EBITDA range to $130 million to $135 million.
  • Expect fourth quarter 2019 Net Revenue to be in the range of $190 million to $200 million; GAAP Consolidated Net Income and Adjusted Net Income both in the range of $0 million to $5 million; and Adjusted EBITDA in the range of $34 million to $39 million.
  • On track to be Adjusted Net Income profitable over the second half of 2019.

For earnings history and earnings-related data on LendingClub (LC) click here.

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