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.
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