February 20, 2018 / 9:16 PM / 3 months ago

BRIEF-Lendingclub Reports Q4 Loss Per Share $0.22

Feb 20 (Reuters) - Lendingclub Corp:

* LENDINGCLUB REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS

* REAFFIRMS 2018 GUIDANCE

* LENDINGCLUB - REACHED PRELIMINARY SETTLEMENT OF CLASS ACTION LAWSUITS ARISING FROM LEGACY ISSUES DISCLOSED BY CO IN 2016

* LENDINGCLUB - PARTIES AGREED TO STIPULATION OF SETTLEMENT THAT INCLUDES $125 MILLION AGREEMENT

* LENDINGCLUB - PRELIMINARY SETTLEMENT WILL HAVE NO MATERIAL IMPACT ON CO’S BUSINESS OPERATIONS IN 2018

* SEES Q1 2018 TOTAL NET REVENUE IN RANGE OF $145 MILLION TO $155 MILLION

* LENDINGCLUB - $47.75 MILLION OF SETTLEMENT WILL BE COVERED BY CO’S INSURANCE, REMAINING $77.25 MILLION IS REFLECTED IN Q4 NET LOSS

* SEES Q1 NET LOSS IN RANGE OF $25 MILLION TO $20 MILLION Source text for Eikon: Further company coverage:

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