LendingClub (LC) Misses Q4 EPS by 12c
LendingClub (NYSE: LC) reported Q4 EPS of ($0.08), $0.12 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $188.5 million versus the consensus estimate of $198.83 million.
- Loan originations of $3.1 billion, up 7% year-over-year.
- Net Revenue of $188.5 million, up 4% year-over-year.
- GAAP Consolidated Net Income of $0.2 million ($0.00 per share), improved from a loss of $(13.4) million ($(0.16) per share) in the fourth quarter of 2018.
- Adjusted EBITDA of $39.0 million, up 37% year-over-year.
- Record Adjusted EBITDA Margin of 20.7%, up 5.0 percentage points year-over-year.
- Adjusted Net Income of $7.0 million ($0.08 per share), improved from Adjusted Net Loss of $(4.1) million ($(0.05) per share) in the fourth quarter of 2018.
For earnings history and earnings-related data on LendingClub (LC) click here.
