LendingClub Reports Second Quarter 2020 Results

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Go back to LendingClub Reports Second Quarter 2020 Results

LendingClub (LC) Misses Q2 EPS by 9c, Revenues Miss

August 4, 2020 5:33 PM EDT

LendingClub (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