SAN FRANCISCO (AP) _ LendingClub Corp. (LC) on Tuesday reported a loss of $383,000 in its third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of less than 1 cent. Earnings, adjusted for non-recurring costs, were 9 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The company that connects borrowers and lenders online posted revenue of $204.9 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $204.3 million.
For the current quarter ending in December, LendingClub said it expects revenue in the range of $190 million to $200 million.
The company expects full-year revenue in the range of $760 million to $770 million.
LendingClub shares have climbed slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.20, a decrease of 24% in the last 12 months.