LendingClub: Q3 Earnings Snapshot
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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — LendingClub Corp. (LC) on Wednesday reported third-quarter profit of $5 million.
The San Francisco-based company said it had net income of 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The company that connects borrowers and lenders online posted revenue of $200.8 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $199.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LC at https://www.zacks.com/ap/LC
