LendingClub Corporation Bottom Line Retreats In Q4, Misses Estimates

(RTTNews) - LendingClub Corporation (LC) announced a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $9.72 million, or $0.08 per share. This compares with $10.16 million, or $0.09 per share, last year.

Analysts on average had expected the company to earn $0.09 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 17.0% to $217.20 million from $185.61 million last year.

LendingClub Corporation earnings at a glance (GAAP) :

-Earnings: $9.72 Mln. vs. $10.16 Mln. last year. -EPS: $0.08 vs. $0.09 last year. -Revenue: $217.20 Mln vs. $185.61 Mln last year.