LendingClub Reports Second Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/3/2026
- Wall St ends higher as stocks reclaim some shine
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Snowflake soars 20% on earnings beat and raised guidance
- Oil settles 1% higher, as US-Iran strikes threaten supplies
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
LendingClub (LC) Misses Q2 EPS by 9c, Revenues Miss
August 4, 2020 5:33 PM EDTLendingClub (NYSE: LC) reported Q2 EPS of ($0.60), $0.09 worse than the analyst estimate of ($0.51). Revenue for the quarter came in at $43.9 million versus the consensus estimate of $58.22 million.
Net Revenue Net Revenue in the second quarter of 2020 was $43.9 million, down 77% compared to the same quarter last year.GAAP Consolidated Net Loss GAAP Consolidated Net Loss was $(78.5) million for the second quarter of 2020, compared to $(10.6) million in the same quarter last year.Adjusted EBITDA Adjusted EBITDA was $(27.6) million in the second quarter of 2020, compared to $33.2 million in the same quarter last... More